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Banco Hipotecario sets size at up to $200 million for tap of 9¾% dollar notes due 2020
By Christine Van Dusen
Atlanta, May 16 – Argentina’s Banco Hipotecario SA is expected to issue up to $200 million in its tap of the company’s 9¾% notes due Nov. 30, 2020 (B3/B-), a market source said.
BofA Merrill Lynch and Itau are the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for working capital.
Hipotecario is a Buenos Aires-based commercial bank.
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