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Argentina's John Deere Credit to offer up to $40M in bonds

John Deere Credit Compañía Financiera SA said it will offer two series of negotiable bonds with a combined worth of up to $40.0 million.

The Argentine company on April 4 will offer 12-month series XVI bonds and 48-months series XVII bonds. The joint amount of the offering cannot exceed $40.0 million. The bonds will be issued April 6.

The interest rates of the securities will be determined after the auction. The offering is part of the company's global negotiable bond program for up to 6.2 billion Argentine pesos or its equivalent in other currencies.

As of March 26, US$1 was equivalent to 20.16 Argentine pesos.