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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.
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.
Read the full article in Spanish: Link
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