By Christine Van Dusen
Atlanta, July 15 – Grupo Financiero Galicia SA priced $250 million notes due in 2026 (expected ratings: Caa1/CCC) to yield 8¼%, a market source said.
Deutsche Bank and JPMorgan were the bookrunners and Standard Chartered Bank the lead manager for the Rule 144A and Regulation S deal.
The notes are non-callable for five years.
Other details were not immediately available on Friday.
Grupo Financiero Galicia is a Buenos Aires-based financial services holding company.
| Issuer: | Grupo Financiero Galicia SA
|
| Amount: | $250 million
|
| Maturity: | 2026
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, JPMorgan
|
| Lead manager: | Standard Chartered Bank
|
| Yield: | 8¼%
|
| Call option: | Non-callable for five years
|
| Trade date: | July 14
|
| Expected ratings: | Moody's: Caa1
|
| S&P: CCC
|
| Distribution: | Rule 144A and Regulation S
|
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