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Banco Macro announces the successful bond placement for the province of Mendoza


Banco Macro announces the successful bond placement for the province of Mendoza

Buenos Aires, May 22nd, 2013. Today the province of Mendoza has successfully placed its class I debt securities, maturing in 2016 and secured by resources from the federal tax sharing system for a face value equal to US$50 million which could be increased to US$150 million.

Issue brief:

Class I
Face value offered: US$50,000,000.
Offers received: US$103,188,000.
Face value issued: US$94,588,000.
Total of orders received: 112.
Demand in excess: 2.06 times.
Interest rate: 3%.
Currency: US$ (U.S. dollars).
Subscription and payment currency: pesos at the applicable exchange rate.
Applicable exchange rate: AR$5.255/US$.
Term: 36 months.
Amortization: 8 installments equal to 11.11% in months 12, 15, 18, 21, 24, 27, 30 and 33 and an installment equal to 11.12% in month 36 as from the issue date.
Payment of interest: every quarter.
Credit rating: BBB+.
Bonds secured by: trust created with the assignment of resources from the federal tax sharing system.
Promoters: Macro, HSBC and Galicia.

Within the framework of its policy aimed at accompanying and encouraging the development of our country’s different regional economies, Banco Macro, along with Banco HSBC and Banco Galicia, has assisted the province of Mendoza by searching for funds in the local capital market.

Milagro Medrano
Institutional Relations Manager


IR Contact

Phone: (5411) 5222 6682
E-mail: investorelations@macro.com.ar

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