The dairy company Mastellone Hermanos S.A. informed that it successfully completed the exchange process of its Series F bonds for an amount of $200 million. The transaction involved using a combination of different financial instruments, including the issuance of a new international bond in the amount of almost $111 million.
The first half of the year closed with a record foreign currency inflow of $16.6 billion. The determining factor for the record liquidation of foreign currency from the countryside was the high international prices, particularly for soybean and corn, which showed increases of around 40% during the last eight months.
The government announced yesterday the launching of 54,175 new personal and mortgage loans through the federal programs Casa Propia and Procrear II. The investment of around 132 billion pesos ($1.38 bn) will create more than 116 thousand jobs.
To increase the productive capacities of a sector going through a period of high demand, the Government will launch a financing plan for the naval industry. It is a new credit line at a subsidized rate of 9,000 million pesos ($93.97 mn).
During the first half of the year, Argentina recorded a trade deficit with Brazil of $582 million. The data are from the Brazilian Ministry of Development, Industry and Foreign Trade. Although imports have shown greater dynamism than exports, the latter showed their highest growth in 25 years.