Published on 1/12/2012 in the Prospect News Emerging Markets Daily.
New Issue: Argentina's BBVA Banco Frances sells ARS 148.9 million series 2 notes
By Caroline Salls
Pittsburgh, Jan. 12 - BBVA Banco Frances SA sold ARS 148.9 million of 18-month class 2 variable-rate notes at par under its $500 million global notes program, according to a news release.
The interest margin will be 2.44%. The release did not specify the rate.
BBVA Banco Frances is a Buenos Aires-based bank.
| Issuer: | BBVA Banco Frances SA
|
| Issue: | Series 2 variable-rate notes
|
| Amount: | ARS 148.9 million
|
| Maturity: | July 16, 2013
|
| Interest margin: | 2.44%
|
| Price: | Par
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 16
|
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