Argentina's Grupo Financiero Galicia upsizes program to $100 million

By Susanna Moon

Chicago, April 16 - Grupo Financiero Galicia SA announced a $40 million increase in the amount of its global program for simple short-, mid- and long-term negotiable obligations was approved at the shareholders meetings on March 9 and on Wednesday.

The company may now issue up to $100 million notes under the program, up from $60 million.

Grupo Financiero Galicia previously said its board of directors resolved on April 5 to offer up to $45 million in class II negotiable obligations.

Grupo Financiero Galicia is a Buenos Aires-based financial services holding company.

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