Argentina's Impsa to issue Ps. 200 million series III notes at par

By Caroline Salls

Pittsburgh, June 12 - Industrias Metalurgicas Pescarmona SAIC y F will issue Ps. 200 million of series III notes due 2012 at par under its $500 million global medium-term notes program, according to a pricing supplement released Friday.

The minimum subscription amount is Ps. 10,000, and the notes can be purchased in Ps. 1,000 increments thereafter.

The notes issuance has been rated A(arg) by Fitch Argentina and raBBB+ by Standard & Poor's.

Macro Securities SA Sociedad de Bolsa is the agent on the deal.

Impsa is a Mendoza, Argentina-based producer of wind and hydropower equipment.

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