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Banco Mariva to auction bonds worth up to 150M Argentine pesos

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Banco Mariva to auction bonds worth up to 150M Argentine pesos

Banco Mariva SA on Oct. 5 plans to auction bonds worth up to 150 million Argentine pesos, expandable to 300 million pesos, the bank said in an Oct. 3 securities filing.

The series VIII bonds will be issued on Oct. 12 and will have a term of 360 days. The securities pay a variable interest rate equivalent to the benchmark rate plus a margin to be determined.

Banco Mariva, Macro Securities and SBS Trading will act as co-placing agents.

The bonds are part of the bank's global short-term debt program for up to 300 million pesos or its equivalent in other currencies.

As of Oct. 3, US$1 was worth 17.43 Argentine pesos.