Argentina's Tarjetas Cuyanas plans up to Ps. 100 million class V notes

By Caroline Salls

Pittsburgh, July 21 - Tarjetas Cuyanas SA plans to issue Ps. 30 million series I class V 270-day fixed-rate notes and Ps. 40 million series II class V 18-month variable-rate notes at par under its $150 million global notes program, according to a news release.

The company said the series I and series II notes issuance amounts could be more or less than the scheduled amounts, but the total issuance amount of class V notes will not exceed Ps. 100 million.

The minimum subscription amount will be Ps. 5,000, and the notes will be sold in Ps. 1 increments thereafter.

Proceeds will be used for working capital.

The series I notes have been rated A1(arg) by Fitch Argentina Calificadora de Riesgo SA, and the series II notes were rated AA-(arg) by Fitch Argentina.

Banco de Galicia y Buenos Aires SA and Banco Itau Argentina SA are the agents.

Tarjetas Cuyanas is an Argentina-based credit card operator.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.