December 14, 2006
Argentine private bank Banco Macro Bansud, is planning to sell up to $250 m
Argentine private bank Banco Macro Bansud, is planning to sell up to $250 million of 10-year bonds next year, according to Bloomberg. On Monday Banco Macro continued its capital markets comeback with a $150 million issue of 30-year notes. The notes priced at par to yield 9.75% until December 18, 2016 before stepping up to 7.11% over six-month Libor from that date until maturity on December 18, 2036. Credit Suisse and UBS led the transaction.