Galicia Card Unit Hits Road

Tarjeta Naranja, the Argentine credit card company owned by Banco Galicia, is set meet bond investors on 3 continents. It will begin Monday in Singapore, and visit Hong Kong, Switzerland, London, Miami and Boston, before finishing in New York January 25. No details regarding a transaction have been indicated. Tarjeta is rated B/B minus. BAML and Deutsche Bank are managing the bond sale. Tarjeta Naranja has issued several times in Argentina’s domestic market. Its most recent foray was for $50m in dollar-denominated 2010 and 2011 bonds. It is one of several Argentine issuers expected this year, a list which also includes real estate firm Raghsa, cable company Cablevision, and several provinces.