Argentina's Ovoprot International to sell $3 million three-year notes

By Caroline Salls

Pittsburgh, May 6 - Ovoprot International SA will offer up to $3 million of three-year PyME Ovoprot II notes at par, according to a prospectus released Wednesday.

Besfamille SA will be the placement agent.

Fitch Ratings has assigned an A-(arg) rating to the notes.

The company said 97.2% of the proceeds will be used for working capital and the remaining 2.8% will be used to pay expenses related to the issuance.

Ovoprot is a Buenos Aires-based egg processing company.

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