trending Market Intelligence /marketintelligence/en/news-insights/trending/B_ns4FLlcmV1yZIJCOnOUw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Banco de Servicios Financieros to offer notes for up to 500M pesos

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Banco de Servicios Financieros to offer notes for up to 500M pesos

Banco de Servicios Financieros SA on Dec. 19 will offer simple negotiable obligations for up to 250.0 million Argentine pesos, expandable up to 500.0 million pesos.

The class 20 notes carry a variable rate and have a term of 18 months. They will be issued Dec. 22.

The notes have an AA(arg) rating from Fix SCR SA Agente de Calificación de Riesgo.

Funds obtained from the placement will be used for the bank's working capital, investments in physical assets, refinancing of liabilities, capital contributions in controlled or linked companies or granting of loans.

Banco Santander Río SA, Banco Macro SA and Banco Supervielle SA will serve as organizers for the offering, while Santander Río, Banco Supervielle and Macro Securities SA are underwriting it.

The offering is part of the bank's global program of issuance of negotiable obligations for up to $250.0 million.

As of Dec. 14, US$1 was equivalent to 17.35 Argentine pesos.