BUENOS AIRES, Argentina,
Nov. 2, 2016 /PRNewswire/
-- Banco Macro S.A. (NYSE:BMA; BCBA:BMA) announced today that
it has priced an offering of US$400
million of its Subordinated Resettable Notes due 2026 ( the
"Notes"). The Notes will accrue interest at a fixed annual rate
equal to 6.750% until, but excluding, November 4, 2021, and
thereafter at an annual rate equal to the Benchmark Reset Rate plus
5.463%. The offering is part of a new financing program for the
issuance by Banco Macro from time to time of up to US$1,000 million aggregate principal amount of
debt securities outstanding at any time. The Notes were offered to
investors at a price of 100% of the principal amount. Banco Macro
intends to use the net proceeds from the offering of the Notes to
refinance certain outstanding debt, to make loans in accordance
with Central Bank guidelines and for general working capital in
Argentina.
The Notes have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act"), or
any state securities law. The Notes may not be offered or sold
within the U.S. or to U.S. persons, except to qualified
institutional buyers in reliance on the exemption from registration
provided by Rule 144A under the Securities Act and to non-U.S.
persons in offshore transactions in reliance on Regulation S under
the Securities Act. This announcement is not an offer to sell or a
solicitation of an offer to buy such debt securities and is issued
pursuant to Rule 135c of the Securities Act.
This press release is available under the "Financial
Information/Press Releases" section, or, in the Spanish version
under "Información Financiera/Comunicados de Prensa", of Banco
Macro's Investor Relations web site.
This press release includes forward-looking statements. We
have based these forward-looking statements largely on our current
beliefs and expectations. Many important factors could cause our
actual results to differ substantially from those anticipated in
our forward-looking statements, including, among other things:
changes in general economic, business, political or legal
conditions in Argentina and
worldwide; effects of the global financial markets and economic
crisis; deterioration in regional business and economic
conditions; changes in interest rates; government
intervention and regulation (including banking and tax regulations)
and adverse legal or regulatory disputes or proceedings.
These forward-looking statements can be identified by words
or phrases such as "aim," "anticipate," "believe," "estimate,"
"expect," "future," "intend," "is/are likely to," "may," "plan,"
"should," "will," "would," or other similar expressions.
Forward-looking statements include information concerning our
possible or assumed future results of operations, business
strategies, financing plans, competitive position, industry
environment, potential growth opportunities, and the effects of
future regulation and the effects of competition. Forward-looking
statements speak only as of the date they were made, and we
undertake no obligation to update publicly or to revise any
forward-looking statements after we distribute this press release
because of new information, future events or other factors. In
light of the risks and uncertainties described above, the
forward-looking events and circumstances discussed in this press
release might not occur and are not guarantees of future
performance.
IR Contact in Buenos
Aires:
Jorge Scarinci | Finance & IR
Manager
Ines Lanusse | Investor
Relations
E-mail: investorelations@macro.com.ar | Phone: (5411) 5222 6682
About
Banco Macro S.A (NYSE: BMA; Buenos
Aires: BMA) is a universal bank, with focus in low & mid-income
individuals and small & mid-sized companies. The Bank started
operating in 1985 as non-banking financial institution and today
has grown to be the private local bank with the largest branch
network in the country.
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SOURCE Banco Macro S.A.