Arcor announced the payment of interest on CLASS XIX and XX Negotiable Obligations. These are the details of the operation that the company reported to the stock market.
The food company Arcor informed that he will pay Negotiable Obligations Class 19 and Class 20both issued for a face value of up to US$1.2 billion (or its equivalent in other currencies or units of value).
In the case of Class 19, interest will be paid by the November 13, 2023 from 10 a.m. to 3 p.m. for the period from 08/12/2023 (Inclusive) to 11/12/2023 (Exclusive). The cancellation will be made in pesos and the capital pending amortization is $8,459,677,423. The Annual Nominal Rate (TNA) applied is 114.31% and the interest paid is $2,437,575,439.14.
In the case of Class 20, the expected payment date is November 13, 2023 from 10 a.m. to 3 p.m.. The payment period covers from 08/12/2023 (Inclusive) to 11/12/2023 (Exclusive). The nominal annual interest rate applied is 117.27%$4,002,536,863 will be paid and the capital pending amortization is $13,540,322,577.
In both cases, the payment of interest will be made through Caja de Valores SA to the people in whose name the Negotiable Obligations are registered as of November 10, 2023.
About Arcor
Arcor It is a company with three business divisions: consumer foods, agribusiness and packaging. It is considered the main food company in the country and one of the leading companies in cookies, alfajores and cereals. Arcor has 51% of Bagley Latin America together with Grupo Danone.
It has more than 45 industrial plants in Latin Americaan industrial plant in Africa and commercial offices on four continents.
What are ONs?
Negotiable Obligations (ONs) are instruments of debt issued by companies which became an alternative widely used by investors to dollarize their portfolios.
Source: Ambito
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