MercadoLibre targets up to $1.5 billion in 10-year bond sale, IFR reports
MercadoLibre targets up to $1.5 billion in 10-year bond sale, IFR reports Sept 9 (Reuters) - MercadoLibre MELI.O on Wednesday launched a 10-year U.S. dollar bond offer that could raise as much as $1.5 billion, IFR reported on Wednesday, in what would be the Latin American e-commerce and fintech company's largest international bond sale on record.
The company plans to use the proceeds for general corporate purposes, as it continues to expand its fast-growing digital payments, consumer lending, logistics and technology operations across Latin America, IFR reported.
MercadoLibre's funding needs have risen alongside the growth of its fintech arms, Mercado Pago and Mercado Credito.
The deal is being arranged by Allen & Company, Bank of America, Citibank, Goldman Sachs, JP Morgan, Morgan Stanley and Santander, with pricing expected later on Wednesday, IFR added.
Fitch and S&P said the transaction could raise up to $1.5 billion. The deal follows MercadoLibre's $750 million seven-year bond sale in December 2025.
(Writing by Fernando Cardoso; Editing by Kylie Madry)
((fernando.cardoso@thomsonreuters.com;))
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