Chicago, Dec. 23 – Bioceres Crop Solutions Corp.’s subsidiary Rizobacter Argentina SA completed a $20 million public offering of series VII corporate bonds, according to a news release on Thursday.
The bonds have a 1.49% interest rate and a three-year tenor.
Proceeds will be used to support working capital and build HB4 inventories, as well as for general corporate purposes.
The new issue extends the company’s debt maturities and reduces financing costs.
The company is a Rosario, Argentina-based provider of crop productivity solutions focused on the transition of agriculture toward carbon neutrality.
| Issuer: | Rizobacter Argentina SA
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| Amount: | $20 million
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| Issue: | Series VII bonds
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| Maturity: | December 2024
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| Coupon: | 1.49%
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| Announcement date: | Dec. 23
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| Distribution: | Public
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