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Argy Agro Syndicates $150m Facility
El Tejar, the Argentine agricultural company and land developer, is closing in on a $150m A/B FMO facility. The $30m 7-year A loan pays Libor plus 490bp, while a $120m B loan, syndicated by Standard Bank, offers Libor plus 450bp, say bankers away from the deal. The latter is out to participants.