Bioceres Crop Solutions Subsidiary Rizobacter Completes $20 Million Offering of Series VII Corporate Bonds
27 December 2021, Argentina: Bioceres Crop Solutions Corp., a fully-integrated global provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced today that its subsidiary Rizobacter Argentina S.A. (“Rizobacter”) has completed a $20 million public offering of Series VII corporate bonds in the Argentine market. The bonds mature in December 2024 and pay an annual nominal interest rate of 1.49%.
Proceeds will be used to support working capital and build HB4 inventories, as well as for general corporate purposes, while extending debt maturities and reducing financing costs.
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