Inversora Juramento, an agricultural and livestock company, successfully placed Class 9 Bonds for 1,500 million pesos ($15.95 million). The variable rate closed at 4.65%. The issue and settlement date are May 12, 2021, and the maturity date is May 12, 2022.
The industry's installed capacity utilization reached 64.5% in March, which marks the highest level since November 2018. Compared to March last year, the indicator showed an improvement of 12.9%, although the activity was closed due to restrictions by covid-19. Compared to March 2019, there was an improvement of 5.7%. Installed capacity also grew 6.2% concerning last February.
Telecom Argentina announced yesterday that it had obtained a new international loan for up to $30 million, which will use to purchase equipment to strengthen the country's ICT infrastructure further and continue improving the quality of fixed and mobile connectivity services. The second credit line obtained by Telecom is guaranteed by Finland's official export credit agency, Finnvera plc. In 2019 the company got $96 million.
The Argentine fintech ecosystem has 302 companies grouped in 9 areas. It is one of the fastest-growing sectors in job creation. Since 2017 the number of jobs tripled, going from 5,280 jobs to 14,728 employees in May 2021. According to a report prepared by the Chamber together with the Great Place To Work Argentina organization, the sector expects to incorporate 5,683 new positions to end the year with 19,808 employees.
Due to the increase in inflation-adjusted debt (CER), higher placements of peso bonds, and the increase in IMF obligations, the national public debt in pesos and foreign currency increased by $2.94 billion from $335.56 billion to $338.5 billion.
Molinos Río de la Plata reported sales revenues of 11,246 million pesos ($119.64 mn) in the first quarter of 2021, a 14.5% drop compared to the same quarter the previous year. The company achieved a net profit of 1,180 million pesos ($15.55 mn).
Bioceres Crop Solutions reported a 35% increase in revenues for the first quarter of 2021, reaching $35 million, compared to the same period last year. The growth was mainly in the Crop Nutrition segment, driven by a 466% increase in sales of microgranular fertilizers.
The Argentine Fintech Chamber, which brings together providers of virtual finance and credit services and even other technology providers, has 14,728 employees in Argentina and plans to incorporate another 5,683 workers in the remainder of 2021.
The National Institute of Statistics and Census (Indec) indicated that the consumption of public services recorded a 12% year-on-year decrease in February and a 1.1% contraction concerning last January. Source: Ámbito
The Argentine-Brazilian sportswear brand Topper announced investments of more than 500 million pesos ($5.32 million) to increase its production volume and hire 210 workers at its plant in Aguilares, province of Tucumán.