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Published on 11/9/2007 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Argentina's Banco Macro pulls $150 million seven-year senior note offer

By Aaron Hochman-Zimmerman

New York, Nov. 9 - Banco Macro SA postponed its offering of $150 million seven-year senior class 4 notes (B2//B+), according to a market source.

Citigroup and UBS had been mandated act as bookrunners for the Rule 144A and Regulation S bonds, which were being sold off the company's $700 million global notes program.

The issuer is a Buenos Aires, Argentina-based retail and commercial bank.


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