Argentina's Banco Macro extends class 4 notes subscription period to Feb. 1

By Caroline Salls

Pittsburgh, Nov. 1 - Banco Macro SA has extended the subscription period for its offering of up to $100 million of seven-year class 4 notes to Feb. 1 from Nov. 1, according to a company news release.

As previously reported, the offering is being made under Banco Macro's $700 million global notes program.

The minimum subscription amount will be $100,000, and the dollar-denominated notes will be offered in multiples of $1,000 after that.

Citigroup Global Markets and UBS Securities LLC will be the placement agents outside of Argentina, and Citicorp Capital Markets SA (4329-1266) and Raymond James Argentina Sociedad de Bolsa SA (4850-2500) will be the local placement agents.

Moody's Latin America Calificadora de Riesgo SA and Moody's Investors Service have rated the notes Aa3.ar on a local scale and B2 on an international scale, and Fitch Argentina Calificadora de Riesgo SA and Fitch Ratings have rated the notes AA(arg) on the local scale and B+ on the international scale.

The issuer is a Buenos Aires-based retail and commercial bank.

© 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.