Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Local Bond Issuance Series XXXIV - Results
June 28, 2021 at 05:54 pm EDT
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The Company announces that it has issued notes in the local capital markets for a total amount of USD 35.7 million according to the following information:
Notes Series XXXIV
Amount Offered: USD 47,470,848
Amount Issued: USD 35,737,138.
Interest Rate: 6.99% nominal annual
Number of Offers Received: 3,332
Issuance and Settlement Date: June 30, 2021
Maturity Date: June 30, 2024
Issuance Price: 100.00% Face Value
Interest payments: Semiannual starting on December 31, 2021
Principal maturity: The capital of the Series XXXIV Notes will be amortized in 3 annual installments, beginning on the first anniversary of the issue and settlement date, as indicated below:
- 33% of capital, 12 months after the Issue and Settlement Date, payable on June 30, 2022;
- 33% of capital, 24 months from the Issue and Settlement Date, payable on June 30, 2023;
- 34% of capital, on the Maturity Date.
Apportionment Factor of the Competitive Tranche: 85.7923%
Apportionment Factor of the Non-Competitive Tranche: 98.1604%
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Cresud S.A.C.I.F. y A. published this content on 28 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 21:53:18 UTC.
Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.