The board of Compañía Financiera Argentina SA approved the issuance of simple, negotiable obligations for up to 1.00 billion Argentine pesos, the company said in a filing.

The company did not specify the terms of the issuance.

The issuance is part of the company's global program for the issuance of simple, negotiable obligations worth $250.0 million.

As of Dec. 21, US$1 was equivalent to 17.91 Argentine pesos.