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Banco Macro and Banco Galicia announce the successful bond placement for the province of Neuquén


Banco Macro and Banco Galicia announce the successful bond placement for the province of Neuquén

Buenos Aires, June 6th, 2013. Today the province of Neuquén has successfully placed its class I debt securities (TICAFO), 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.

Issue brief:

Dollar-linked class I debt securities
Face value offered: US$131,604,380.
Offers received: 87.
Face value issued: US$131,404,380.
Interest rate: 3%.
Currency of denomination: dollar.
Subscription and payment currency: peso.
Term: 3 years.
Grace period for principal: 12 months.
Amortization: as from month 12 inclusive, 8 quarterly 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.
Payment of interest: every quarter.
Credit rating: BBB+.
Bonds secured by: Federal Tax Sharing System.
Promoters: Macro and Galicia.

Within the framework of their policy aimed at accompanying and encouraging the development of our country’s different regional economies, Banco Macro and Banco Galicia have jointly assisted the province of Neuquén 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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