India, June 17 -- Banco Macro S.A. (BMA) announced that it has priced an offering of US$400 million of its Notes due 2029. The Notes will accrue interest at a fixed annual rate equal to 8.000% until, but excluding, June 23, 2029.
The offering is part of the financing program for the issuance by Banco Macro from time to time of up to US$1.500 billion aggregate principal amount of debt securities outstanding at any time. The Notes were offered to investors at a price of 99.163% of the principal amount.
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Banco Macro noted that it plans to use the net proceeds from this offering to the repayment and/or refinancing of indebtedness; investments in fixed assets ...