Telecom Argentina (TEO) has released an update.
Telecom Argentina S.A. has announced a significant prepayment of $135 million on its loan from the Inter-American Investment Corporation, reducing the remaining balance to $136.14 million. The prepayment was funded through the proceeds of a recent issuance of Class 21 negotiable obligations, which raised $500 million at a fixed annual interest rate of 9.5% and is due in 2031.
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