Argentina Telecom Personal Issues Three Bond Series

Celular telecoms operator Personal, owned by Telecom Argentina, has issued three bond series: two peso-denominated bonds issues worth 500 million pesos (US$172 million) and one dollar-denominated issue worth $300 million. This is the company’s first bond issuance since it carried out its restructuring program, the largest in local corporate history. In October, Personal’s shareholders approved a global bond issuance program worth up to $500 million.