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Banco Santander Río to issue negotiable bonds due 2018, 2019


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Banco Santander Río to issue negotiable bonds due 2018, 2019

BancoSantander Río S.A. plans to issue on July 20 negotiable bondsmaturing in 2018 and 2019, according to a July 15 statement.

The offering is comprised of two series, one with a durationof 15.53 months and another with a duration of 25.45 months. The 15.53-monthoffering is for about 106.7 million Argentine pesos at an annual nominal rateof 2.50%. The 25.45-month offering is for about 541.8 million pesos at anannual nominal rate of 3.25%.

The two bonds are each for a nominal amount of up to 250.0million pesos, expandable up to 1.00 billion pesos. The bonds are part of thebank's global bond program for up to $500.0 million and/or its equivalent inother currencies.

As of July 15, US$1 wasequivalent to 14.76 Argentine pesos.