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Argentina's Cordial Financiera raises 535.5M pesos of bonds in auction

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Argentina's Cordial Financiera raises 535.5M pesos of bonds in auction

Argentina's Cordial Compañía Financiera SA raised 535.5 million Argentine pesos worth of class 16 bonds in an auction on Nov. 15.

The company received 45 offers for a total of 604.5 million pesos.

The bonds will be issued and settled on Nov. 22, and will carry a 4.25% annual nominal rate.

As of Nov. 20, US$1 was equivalent to 17.47 Argentine pesos.