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Cresud issues $31.3 million in Series XLIX notes with 7.25% interest rate

Published 02/09/2025, 18:04
Cresud issues $31.3 million in Series XLIX notes with 7.25% interest rate
CRESY
-1.47%

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) announced it has issued Series XLIX notes in the local capital markets for a total amount of $31,306,845. The issuance and settlement date for the notes is Tuesday, and the maturity date is September 2, 2027.

According to a press release statement included in a recent SEC filing, the notes carry an interest rate of 7.25% and were issued at 100% of face value. Interest payments will be made semiannually, starting on March 2, 2026. Principal will be repaid in a single payment at maturity.

The company offered a total of $33,417,979 in notes, ultimately issuing $31,306,845. The notes are denominated in U.S. dollars.

Cresud is based in Buenos Aires, Argentina, and operates in the real estate sector.

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