The Argentine e-commerce company Mercado Libre plans to issue a new bond with a maturity in 2036, with a coupon equivalent to 160 basis points above the U.S. Treasury Bills, with the aim of obtaining resources to continue financing its international expansion, according to information provided by "Bloomberg" from sources close to the operation.
This is the first debt placement the firm has made since December and the third on a global scale since its debut in international markets five years ago. The Mercado Libre bonds that are already trading in the market expire in 2033 and currently offer a yield of 5.7%.
The new bonds have received a rating of "BBB-" from Fitch Ratings and S&P Global Ratings, while Moody's has given them a "Baa3" rating, placing this issuance at the lowest level of investment grade in the three rating agencies.
According to information handled by "Bloomberg," Allen & Company, BofA Securities, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, and Banco Santander will be the entities responsible for structuring and coordinating the placement.
Recent Results of Mercado Libre
Mercado Libre reported at the beginning of August that it obtained a net profit of 883 million dollars (759.2 million euros) in the first half of 2026, representing a decrease of 13.2% compared to the same period of the previous year.
Net and financial revenues reached 19.014 million dollars (16.348 million euros), an increase of 49.4%. By business lines, services generated 16.407 million dollars (14.107 million euros) and products 2.607 million dollars (2.242 million euros), with advances of 45.4% and 80.9%, respectively.
In the second quarter, the multinational recorded earnings of 466 million dollars (400.7 million euros), a decrease of 10.9%, while revenue increased by 49.8%, reaching 10.169 million dollars (8.743 million euros).