Cresud raises $40.4M in quick return to Argentina's debt market
What's the deal? Argentine agricultural and real estate company CresudDealroom has a profile for this one. Try Dealroom → issued $40,420,132 in Series LIII Additional Notes, completing the offering on August 31, 2026. The notes mature on April 30, 2030 and carry a fixed 6.25% annual interest rate, priced at 102.88% of par value.
The mechanics: The notes were issued under Cresud's Global Notes Program, which allows for up to $500 million in non-convertible debt. The offer targeted the local market, with listings on Bolsas y Mercados ArgentinosDealroom has a profile for this one. Try Dealroom → and negotiation on A3 MercadosDealroom has a profile for this one. Try Dealroom →.
Who's involved? ZBV AbogadosDealroom has a profile for this one. Try Dealroom → advised Cresud. A large syndicate of placement agents backed the deal, including Banco Santander ArgentinaDealroom has a profile for this one. Try Dealroom →, Banco de Galicia y Buenos AiresDealroom has a profile for this one. Try Dealroom →, Banco BBVA ArgentinaDealroom has a profile for this one. Try Dealroom →, Banco PatagoniaDealroom has a profile for this one. Try Dealroom →, and Balanz Capital ValoresDealroom has a profile for this one. Try Dealroom →, advised by Pérez Alati, Grondona, Benites & ArntsenDealroom has a profile for this one. Try Dealroom →.
Why now? The issuance marks a quick re-raise, with Cresud tapping the market again in short order to fund its operations. The above-par pricing suggests investor appetite for the notes.
The signal: Cresud's return to Argentina's local debt market reflects steady access to financing at fixed rates through 2030, a notable indicator amid the country's volatile economic backdrop.
Read more: chambers.com
Image credit: UnitedSoybeanBoard
