Argentina's IRSA offering up to $150 million fixed-rate notes due 2017

By Caroline Salls

Pittsburgh, Jan. 12 - IRSA Inversiones y Representaciones SA is offering up to $150 million class 1 fixed-rate notes due 2017 under its $200 million global note program, according to a company news release.

The placement agents are Citigroup Global Markets Inc. in the United States and Citicorp Capital Markets SA in Argentina.

The subscription period will run between Jan. 12 and Jan. 24.

The minimum subscription amount is $2,000, and subscriptions can be made in increments of $1,000 thereafter.

The notes are rated raA+ by Standard & Poor's and A-(arg) by Fitch Ratings.

IRSA is a Buenos Aires-based real estate, shopping center and hotel company.

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