Argentine credit cards issuer, Tarjeta Naranja, has raised a total of $200 million in a debt issue, Reuters reports. The bonds, which carry a coupon rate of 9%, will mature on Feb. 1, 2017.
The securities were priced to spread a yield of 9%. The joint book-running managers for the sale were Bank of America Merrill Lynch and Deutsche Bank.
Click here for the story from Reuters.