MSU, a company with agricultural operations throughout the country and power plants in Villa María, placed two series of negotiable obligations (ON) for $ 13.8 million that mature in June 2021.
This was reported today by the company to the National Securities Commission (CNV) and the Buenos Aires Stock Exchange.
As indicated, he did it through ON Class A, in the dollar linked modality; and Class B, in dollars. In both cases, it achieved a 9% annual rate, for a term of 15 months.
Balanz, Banco Galicia, Banco Provincia and INTL participated in the tender as organizers and setters.
There were 957 orders received to subscribe, for US $ 18 million, of which US $ 13.8 million were finally taken.
MSU is one of the main agricultural producers in the country, with a production of close to 800 thousand tons of grains and oilseeds, with an area of approximately 135 thousand productive, of which 125 thousand are leased. The main business is the production of commodities such as soy, corn, sunflower, wheat and barley.
But also, through its MSU Energy division, it produces 450 megawatts (MW) of electricity in Villa María and in the province of Buenos Aires, but its productive capacity reaches 600 MW.
“The company has a long history in the country, has fully dollarized income and produces in the most productive regions of Argentina, which allows it to achieve greater stability in the average returns obtained. These were some of the points that boosted investor interest when choosing MSU’s ONs, ”explained Sebastián Money, manager of Capital Markets and Corporate Finance at Balanz.