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07/06/2012 | Paris

PSA Finance Argentina Compania Financiera S.A. ("PSA Finance Argentina") (Aa2/NR/AA), which is 50/50 owned by Banque PSA Finance and BBVA Banco Francés, raised AR$ 100 million (approximately €18 million) in two tranches on 7 June 2012 :

  • serie No.7 : AR$ 70 million on a 21 months maturity with a floating private BADLAR rate plus 2.82% margin. The book was 1.4 times oversubscribed.
  • série No.8 : AR$ 30 million with a fixed rate of 15,5% on a 9 months maturity. The book was 1.7 times oversubscribed.

This transaction is the fourth issue done on the Argentinian bond market by PSA Finance Argentina (after the issues done in November 2010, in August 2011 and in January 2012). It illustrates the successful strategy of Banque PSA Finance to diversify sources of financing.


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