The funds received will be used to finance the expansion of Juramento’s agricultural production, and the expansion of the export capacity with added value of the meat processing plant to open new international markets.
In the first week of October, Oath managed to place US$20 million of Negotiable Obligations (“ON”) Class V. This was the first issuance in dollars of the agribusiness and food holding company. The amount of offers received reached $45.9 million, more than double the company’s target. The cutoff rate was 6%.
This operation is a loan with a term of 2 years, quarterly interest payment, while the capital is returned at the end of the term (bullet).
The funds received will be used to finance the expansion of Juramento’s agricultural production, and the expansion of the export capacity with added value of the meat processing plant to open new international markets.
By receiving offers for more than double those sought by the company, the market highlights Juramento’s solidity and strong commitment to continue growing and generating value.
Juramento is the first company to produce meat with a negative carbon footprint in Argentina. He was born in 1990 in the province of Salta. Today it is one of the main cities in the country and is made up entirely of national capitals. It carries out its activities on an area of more than 90,000 hectares.
It is integrated and participates in all stages of the meat value chain. From agricultural production, partly used to supply livestock consumption, to the marketing of the final product to clients in Argentina and the world.
Source: Ambito
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