Argentina'sBACS Banco de Crédito y SecuritizaciónSA will issue 24-month bonds with a nominal value up to 30 million Argentinepesos, expandable up to 250 million pesos, at a minimum annual interest rate of30%, the bank said in a securities filing July 20.
The subscriptionperiod for the bonds was launched July 15.
The placingagents are: BACS Banco de Crédito y Securitización, Banco Hipotecario, Banco deServicios y Transacciones, Nuevo Banco de Santa Fe and Balanz Capital Valores.
Separately,the bank's board agreed July 19 to expand the maximum amount of its global negotiablebond program to $300 million, or its equivalent in other currencies.
As of July 20, US$1 was worth15.00 Argentine pesos.