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Banco de la Provincia de Córdoba raises 865.8M pesos in bond auction

Banco de la Provincia de Córdoba SA said it raised about 865.8 million Argentine pesos from its Dec. 14 auction of two series of negotiable obligations.

The bank accepted offers amounting to about 295.3 million pesos of the series I debt and about 570.5 million pesos of the series II debt. The bank had offered some 614.0 million of the series I notes and 1.27 billion pesos of the series II notes in the offering.

The securities will be issued and liquidated Dec. 18.

As of Dec. 13, US$1 was equivalent to 17.31 Argentine pesos.