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Article: Argentina : Banco Galicia launches offer to repurchase bonds due 2014.

Article from:
TendersInfo
Article date:
September 1, 2009
Copyright

Byline: pinto03

Argentina's Banco Galicia has launched an offer to repurchase, in cash, bonds due 2014, with the aim of cancelling them once they are acquired, the bank said in a press release.

The outstanding residual value of these securities is US$244mn. The bank will offer to pay US$90 per each US$100 of residual value.

The offer period began on August 27 and will extend through September 25, the bank said.

This transaction will allow Galicia to continue to improve its ...

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