BBVA Argentina redirects Class 50 bond proceeds to debt refinancing
BBAR•Banco BBVA Argentina redirected some proceeds from its Class 50 bonds to refinance liabilities, covering principal and interest due at maturity on its previously issued Class 37 bonds.
1. Bond proceeds redirected
Banco BBVA Argentina revised its allocation plan for Obligaciones Negociables Clase 50 proceeds, directing some of the funds to refinance liabilities. The funds covered principal and interest payments due at maturity on previously issued Obligaciones Negociables Clase 37.
