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Published on 5/16/2016 in the Prospect News Emerging Markets Daily.

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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