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Prospect News home > News index > List of issuers B > Headlines for Banco Hipotecario SA > News item
Published on 5/17/2016 in the Prospect News Emerging Markets Daily.

Banco Hipotecario sets talk in low-8% area for up to $200 million tap of 9¾% notes due 2020

By Christine Van Dusen

Atlanta, May 17 – Argentina’s Banco Hipotecario SA set talk in the low-8% area for an up to $200 million tap of its 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, which is expected to price on Wednesday.

The proceeds will be used for working capital.

Hipotecario is a Buenos Aires-based commercial bank.


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