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Published on 8/24/2012 in the Prospect News Emerging Markets Daily.

New Issue: Argentina's Grupo Financiero Galicia sells ARS 78.08 million of notes

By Caroline Salls

Pittsburgh, Aug. 24 - Grupo Financiero Galicia SA sold ARS 78.08 million of class III notes due Feb. 28, 2014 under its $60 million global notes program, according to a news release.

The interest margin is 359 basis points. The release did not specify the rate.

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

Issuer:Grupo Financiero Galicia SA
Issue:Class III notes
Amount:ARS 78.08 million
Maturity:Feb. 28, 2014
Interest margin:359 bps
Pricing date:Aug. 24
Settlement date:Aug. 28

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