Banco Hipotecario Offers $250 Million Bonds

Argentine Banco Hipotecario has made an offering of $250 million of bonds. The 10-year bonds, placed by Citigroup and Deutsche Bank, carry a coupon of 9.75% and a yield of 9.875%. The bonds mature April 27 2016. Last November, the bank made the first international bond offering by an Argentine issuer since restructuring post 2001 economic crisis. That issue was also arranged by Deutsche Bank and Citigroup.