Supervielle talks more equity

Supervielle talks more equity

Argentina Equity

Grupo Supervielle is the next Argentine lender touted to tap the equity capital markets, with a follow-on offering due in the coming months. The bank, like several of its local competitors, seeks to capitalize on an “underpenetrated” banking sector in Argentina, according to ECM sources. BBVA Frances last week filed documents for a potential follow-on equity offering, while Banco Macro raised $666m in an equity sale last month. Both are vying for Banco do Brasil’s stake in another rival

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