Bioceres Crop Solutions Subsidiary Rizobacter Completes $20 Million Offering of Series VII Corporate Bonds

BY Business Wire | CORPORATE | 12/23/21 08:31 AM EST

ROSARIO, Argentina--(BUSINESS WIRE)-- Bioceres Crop Solutions Corp. (BIOX) (?Bioceres? or the ?Company?) , a fully-integrated global provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced today that its subsidiary Rizobacter Argentina S.A. (?Rizobacter?) has completed a $20 million public offering of Series VII corporate bonds in the Argentine market. The bonds mature in December 2024 and pay an annual nominal interest rate of 1.49%.

Proceeds will be used to support working capital and build HB4 inventories, as well as for general corporate purposes, while extending debt maturities and reducing financing costs.

About Bioceres Crop Solutions Corp. (BIOX)

Bioceres Crop Solutions Corp. (BIOX) is a fully integrated provider of crop productivity technologies designed to enable the transition of agriculture towards carbon neutrality. To do this, Bioceres? solutions create economic incentives for farmers and other stakeholders to adopt environmentally friendlier production practices. The Company has a unique biotech platform with high-impact, patented technologies for seeds and microbial ag-inputs, as well as next generation crop nutrition and protection solutions. Through its HB4? program, the Company is bringing digital solutions to support growers? decisions and provide end-to-end traceability for production outputs. For more information, visit here.

Forward-looking statements

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Source: Bioceres Crop Solutions Corp. (BIOX)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.