trending Market Intelligence /marketintelligence/en/news-insights/trending/QvFgwIqrplJNVmFXaLTMUA2 content esgSubNav
In This List

Banco de Galicia approves up to $550M debt issuance

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Banco de Galicia approves up to $550M debt issuance

Grupo Financiero Galicia SA said unit Banco de Galicia y Buenos Aires SA's board approved the issuance of class III negotiable obligations for a total amount of up to $550.0 million, or its equivalent in other currencies.

The debt will be issued under the bank's global program for short-, medium- and/or long-term notes for a maximum outstanding face value of up to $1.10 billion, or its equivalent in other currencies, according to a Jan. 26 filing.

Proceeds from the placement will be used for working capital in Argentina and the refinancing of liabilities, among other uses.