March 18, 2019 |
Argentina's Banco Hipotecario has offered to buy back $75m in 9.75% 2020 notes, including a $30 premium for notes tendered by the early deadline.
The bank said it will pay $995 for every $1,000 in notes tendered by March 26. After that, it will pay $965m for every $1,000 until April 9.
Banco Hipotecario has $334m in outstanding 2020 notes. It sold the five-year bonds in November 2015 and reopened them for $150m in May 2016.
Itaú BBA and JPMorgan are the dealer managers on the buyback. Itaú BBA a
Argentine lender offers a $30 premium for up to $75m in 9.75% 2020 notes