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Banco Macro and Macro Securities announce the successful placement of Salta Province Debt Securities


Banco Macro and Macro Securities announce the successful placement of Salta Province Debt Securities

Buenos Aires, April 22, 2015. The Government of the Province of Salta successfully placed Debt Securities in the amount of AR$250 million in the domestic financial market for the purpose of financing basic drinkable water and water sanitation infrastructure works.

In the frame of the Salta Province Program for the Issue of Debt Securities approved by Provincial Law No. 7867 in the amount of AR$650 million and created by Provincial Decree No. 1207/15, by means of Resolution No. 153/2015 the Ministry of Economy, Infrastructure and Public Works of the Province of Salta authorized the issue of Debt Securities in the amount of AR$250 million.

Payment of the Debt Securities is secured by a guaranty trust with allocation of funds stemming from the Federal Taxes Co-Sharing Program (Coparticipación Federal de Impuestos). The Debt Securities are denominated in Argentine pesos, they are entitled to a principal grace period of 15 months until the first principal repayment and a total maturity term of 36 months.

Bids were received for an amount in excess of ARS$ 350 million, through Mercado Abierto Electrónico S.A., the amount of ARS 250 million being awarded. The Debt Securities shall accrue 27.5% fixed interest during the first 9 months and subsequently they shall accrue interest at a variable rate equivalent to the BADLAR rate plus 573 basic points margin for the remaining time period.

Banco Macro acted as arranger and guaranty trustee. Macro Securities was the placement agent.

Milagro Medrano
Institutional Relations Manager


IR Contact

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

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