Banco de Galicia y Buenos Aires announces details of buyback offer

By Caroline Salls

Pittsburgh, Aug. 27 - Banco de Galicia y Buenos Aires SA has announced the terms of its offer to buy back $243.77 million of its class A 7% notes due 2014, according to a company news release.

Specifically, the Buenos Aires bank will offer to pay $900 for each $1,000 of notes tendered.

The broker commission will be $3.75 for each $1,000 of notes tendered.

The offer launched on Thursday and runs through 5 p.m. ET on Sept. 25.

The liquidation date will be Oct. 2.

Banc of America Securities LLC is the agent for the offer, and Merrill Lynch Argentina SA is the agent in Argentina.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.