Argentina's Banco de Galicia board of directors approves selling bonds

By Susanna Moon

Chicago, April 4 - Banco de Galicia y Buenos Aires SA's board of directors approved issuing class 1 negotiable obligations on Monday, according to a 6-K filing with the Securities and Exchange Commission.

The bonds will be issued under the bank's global program for the issuance of simple, short-, mid- or long-term negotiable obligations approved by the Comision Nacional de Valores through its resolution dated Nov. 4, 2005.

The program was extended by the bank, and the extension was approved by the CNV on Nov. 11.

The issuer is a Buenos Aires-based bank.

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