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Banco Aliado to offer $3M in 3-year bonds

Banco Aliado SA on May 23 will offer series BX bonds worth $3.0 million, according to a May 17 securities filing.

The corporate bonds, to be issued May 25, have a term of three years and carry a fixed annual interest rate of 4.50%.

Proceeds from the sale of the bonds will be used to finance the growth of the issuer's credit portfolio.

The offering is part of its $100 million revolving corporate bond program that was approved in March 2014.