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Banco de Galicia y Buenos Aires to redeem $90.12 million class C notes
By Toni Weeks
San Diego, Feb. 7 - Banco de Galicia y Buenos Aires SA announced that it will redeem the $90,115,326 of capitalized interest from its class C notes due 2019, according to a news release.
The redemption corresponds to capitalized interest that accrued from Jan. 1, 2004 to Dec. 31, 2010 and also includes accrued interest up to the redemption date. The payment was originally scheduled to be made on Jan. 1, 2014.
Banco de Galicia is a Buenos Aires-based bank.
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