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Banco Supervielle to issue 24-month notes worth 422M pesos

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Banco Supervielle to issue 24-month notes worth 422M pesos

on Oct. 12will issue class VI notes worth a nominal amount of 422 million Argentinepesos, the bank said Oct. 7.

The initialoffering was for a nominal value of up to 300 million pesos, but expandable upto 600 million pesos. Demand reached 469 million pesos, the filing said.

The3.5% variable rate notes will be issued at par and mature in 24 months.

Theplacement is part of the bank's global notes issuance program worth 2 billionpesos or its equivalent in other currencies.

As of Oct. 10, US$1 wasequivalent to 15.19 Argentine pesos.