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Bioceres Crop Solutions subsidiary Rizobacter completes $16.1 million offering of Series VI corporate bonds
Sep. 6, 2021
Bioceres Crop Solutions
ArgentinaFollow
Argentina
Rizobacter ArgentinaFollow
ArgentinaBioceres Crop Solutions Corp. (“Bioceres” or the “Company”) (NASDAQ: BIOX), a fully-integrated global provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced on Friday that its subsidiary Rizobacter Argentina S.A. (“Rizobacter”) has completed a $16.1 million public offering of Series VI corporate bonds in the Argentine market. The bonds will be issued in two tranches:
Class A: $12.7 million with maturity in March 2023 and an annual nominal interest rate of 3.75%; and
Class B: $3.4 million with maturity in September 2024 and an annual nominal interest rate of 5.25%.
Proceeds will be used to support working capital as well as for general corporate purposes, while extending debt maturities and reducing financing costs.
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