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Banco Macro completes early redemption of 2036 notes

Banco Macro SA on Dec. 21 said it completed the early redemption of its 9.75% fixed/floating rate noncumulative junior subordinated series 1 notes due 2036.

The bank launched an early redemption offer for $150 million worth of the notes in November. The notes that were redeemed were subsequently canceled, following which the bank requested the cancellation of the public offering, listing and negotiation.