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Banco Macro and Banco Galicia announce the successful placement of the Province of Neuquén Bond for an equivalent amount


Banco Macro and Banco Galicia announce the successful placement of the Province of Neuquén Bond for an equivalent amount
of US$198,595,620

Buenos Aires, October 7, 2013. The Ministry of Economy and Public Works issued today, under its Debt Cancellation and Works Finance Bond Program (TICAFO), Class 2 debt securities, backed by oil royalties and extraordinary oil production royalties, for an aggregate amount equivalent in pesos of US$198,595,620 at an annual nominal interest rate of 3.90%. Offers were received in an aggregate amount of VN US$255,488,274.

The tender was made for the amount of VN US$130,000.00 expandable up to the amount of VN US$198,595,620 maturing within 5 years including a 1.5 year grace period for the repayment of principal, payable in Pesos (Dollar Linked). Banco Provincia del Neuquén S.A., Banco de Galicia y Buenos Aires S.A. and Banco Macro S.A. acted as arrangers and placement agents.
Quantum Finanzas acted as Financial Advisor for the Province of Nequén.

The funds obtained shall be used to cancel public debt and for infrastructure projects in districts throughout the Province of Neuquén.

The success of this transaction evidences the investors’ interest and trust in, and support to, the Province, resulting from the adequate economic and fiscal policies implemented by the Provincial government.

In furtherance of their policy towards accompanying and fostering the development of Argentina’s regional economies, Banco Macro and Banco Galicia have rendered assistance to the Province in the raising of 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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