Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) closed a public placement of $500 million in Class 6 negotiable bonds. The issuance included $60 million in bonds with a 6.50% interest rate. The stock price rose from $11.55 to $12.36 post-deal but fell to $10.78 by February 5.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) is a cement manufacturing company in Argentina that offers concrete, granular aggregates, and railroad transportation services. The company secured medium-term financing through a private placement to support its operations in the construction industry.

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Read more at Yahoo Finance: Loma Negra (LOMA) $500M Bond Placement to Fund Operations