- Banco Macro (BMA, Financial) has priced a US$400 million Notes offering with an 8.000% fixed annual interest rate, maturing in 2029.
- The Notes are part of a larger US$1.5 billion Medium Term Note Program, expanding Banco Macro’s financial capabilities.
- Proceeds will support various activities, including debt refinancing, fixed asset investments, and working capital in Argentina.
Banco Macro S.A. (BMA) has announced the successful pricing of its US$400 million Notes due 2029, under its US$1.5 billion Medium Term Note Program. These Notes will carry a fixed annual interest rate of 8.000% and are being offered at 99.163% of their principal value, reflecting a competitive offering in a challenging economic climate.
The proceeds from the issuance will be allocated to several critical areas including the refinancing of existing debt, investments in fixed assets within Argentina, and meeting working capital needs. The funds may also be used for acquisitions and capital contributions to related companies, which supports the bank's strategic positioning in the region.
This financial maneuver is notable for its inclusion under Rule 144A and Regulation S, making it accessible to qualified institutional buyers, while not being registered under the U.S. Securities Act. The offering will allow Banco Macro to enhance its capital structure and reinforce its operations amid Argentina's complex financial landscape. As part of Banco Macro's larger medium-term strategy, this bond issue is pivotal in ensuring the bank's growth and operational stability.
