By Caroline Salls
Pittsburgh, Sept. 9 - BBVA Banco Frances SA sold ARS 185.19 million of class 1 variable-rate 18-month notes at par, according to a news release.
The notes were sold under the company's $500 million global notes program.
Interest will accrue at the private Badlar rate plus 280 basis points.
The bank is also the agent for the class 1 issuance.
The notes have been rated AA(arg)+ by Fitch Argentina Calificadora de Riesgo SA and raAA with a stable outlook by Standard & Poor's International Ratings, LLC.
BBVA Banco Frances is a Buenos Aires-based bank.
| Issuer: | BBVA Banco Frances SA
|
| Issue: | Class 1 variable-rate notes
|
| Amount: | ARS 185.19 million
|
| Maturity: | March 13, 2013
|
| Interest: | Private Badlar rate plus 280 bps
|
| Price: | Par
|
| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 13
|
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