Argentina's Banco Hipotecario plans to sell $250 million 10-year bullet bonds

By Reshmi Basu

New York, April 4 - Argentina's largest mortgage lender, Banco Hipotecario SA, started a roadshow for a $250 million offering of 10-year bullet bonds (/B/) on Tuesday in Hong Kong, according to a market source.

The roadshow is scheduled to move to Singapore on Wednesday, London on Thursday, Switzerland on Friday and New York on the following Monday, before wrapping up in New York and Boston on April 11.

The bonds will be as structured senior unsecured bonds.

Deutsche Bank and Citigroup are joint bookrunners for the Rule 144A and Regulation S transaction.

Meanwhile the Buenos Aires, Argentina-based issuer plans to tender up to $82.5 million of 5% notes due 2013 and up $82.5 million equivalent of 5% euro-denominated notes due 2013.

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