Argentina's BACS Banco de Crédito y Securitización SA has extended the dates of its two negotiable bond offerings worth up to 400 million Argentine pesos or its equivalent in U.S. dollars, the company said in an Aug. 7 regulatory filing.
The offering, which will take place Aug. 9, includes 18-month class XIV bonds with a variable interest rate and variable-rate class XV securities with a term of 36 months.
The bonds, which are to be issued Aug. 17, are part of the company's global bond program worth up to $150 million or its equivalent in pesos. Previously the bank had planned on issuing the bonds Aug. 14.
In addition to BACS Banco de Crédito y Securitización SA, Banco Hipotecario SA, Banco de Servicios y Transacciones SA, Industrial & Commercial Bank of China (Argentina) SA and Banco de la Provincia de Buenos Aires are serving as the local settlement agents for the offering.
As of Aug. 4, US$1 was equivalent to 17.65 Argentine pesos.