Banco Supervielle SA on Jan. 27 will offer negotiable bonds in Argentine pesos equivalent to $250 million, though expandable to $300 million.

The offering is part of an $800 million note program authorized in November 2016.

The terms for the class A bonds have yet to be fully set but will have a duration between 3.5 years and 5 years, and will carry an annual variable interest rate based on the Badlar private rate and/or the initial reference rate, according to a Jan. 26 prospectus.

The subscription period will end Feb. 1, with the issuance date to be set within five business days after.