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Mercado Libre Plans to Sell 1 Billion USD in Bonds
MercadoLibre, the e-commerce giant in Latin America, is preparing to sell dollar-denominated bonds, capitalizing on low exchange rates and the growing demand for online shopping driven by the pandemic.
MercadoLibre gears up to sell dollar-denominated bonds, capitalizing on the e-commerce boom. Photo: Mercado Libre
01/06/2021
MercadoLibre, the largest e-commerce retailer in Latin America, is preparing to sell dollar-denominated bonds, taking advantage of record-low exchange rates and the increased demand for online shopping driven by the pandemic.
MercadoLibre thrived in 2020 as online purchases surged. Net income for the entire year is likely to reach $76 million after reporting losses in 2019.
Its shares doubled, pushing the company's market capitalization to approximately $82 billion. To accelerate deliveries, the company even resorted to hiring eight cargo carriers in Brazil and Mexico.
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
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