November 7, 2013
BBVA Frances has priced $62m-equivalent in domestic bonds, it says. The sal
BBVA Frances has priced $62m-equivalent in domestic bonds, it says. The sale consisted of ARP121.4m ($20m) in 18-month bullet bonds at Badlar+3.25%, and ARP250m in 36-month bullet bonds at Badlar+4.24%. Demand reached ARP440m. The transaction is rated AA on a national scale, and raises proceeds for general corporate purposes. BBVA Frances managed the deal itself. The bank previously issued in July 2013, selling ARP250m in 18-month bonds.