Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

International bonds: Banco Macro, 17.5% 8may2022, ARS (BACBO, USP1047VAG25, P1047VAG2)

StatusCountry of riskMaturity (option)
Amount i
This field shows outstanding face value amount for outstanding bonds
Issue ratings (M/S&P/F)
outstandingArgentina**/**/****3,391,052,000 ARS***/***/***
Registration required. Please log in or fill in the registration form.
×
Available to subscribers "Price Center NRD". Order paid / trial access .
×

Yield calculation

 %
×

Registration required. Please log in or fill in the registration form.

Files

×

You are going to buy a prospectus of Banco Macro, 17.5% 8may2022, ARS
The cost of your order is $50
Enter your e-mail (for getting the document)

Incorrect email

Please find user agreement here

Sorry, an unexpected error occurred.
Your order is under moderation.
The link for payment will be sent you shortly.
×

Registration required. Please log in or fill in the registration form.

Issue information

BorrowerBanco Macro
Bond typeCoupon bonds
Placement methodOpen subscription
Placement typePublic
Issue purposeShow
Issue purpose
Our gross proceeds from the issuance and sale of the Notes are expected to be approximately US$300 million, before deduction of fees and expenses. Our net proceeds from the issuance and sale of the Notes are expected to be approximately US$298.950 million. The company intends to use the net proceeds from the issuance of the Notes (i) to refinance certain debt in the normal course of business, (ii) to make loans consistent with our commercial strategy and in accordance with Central Bank guidelines and (iii) for general working capital in Argentina, including to increase our liquidity levels and/or finance investment projects, in each case in accordance with the provisions of Article 36 of the Negotiable Obligations Law, Communication “A” 5390 of the Central Bank, as amended, and other applicable regulations. We will use any net proceeds of the issuance of notes under this program in compliance with the requirements of Article 36 of the Negotiable Obligations Law, Communication “A” 3046, of the Central Bank, as amended and modified by Communication “A” 5390, and other applicable regulations, as specified in the applicable pricing supplement and for the following purposes: - working capital in Argentina; - investments in tangible assets located in Argentina; - refinancing of outstanding debt; - contributions to the capital of a controlled or related corporation, provided that the latter uses the proceeds of such contribution for the purposes set forth above; or - making loans in accordance with Central Bank regulations provided that such loans are used for any of the above purposes.
Par amount, integral multiple1,000 ARS
Nominal of international bonds1,000 ARS
Minimum settlement amount1,000,000 ARS
Outstanding principal amount1,000,000 ARS
Amount4,620,570,000 ARS
Amount Outstanding3,391,052,000 ARS
Outstanding face value amount3,391,052,000 ARS
Placement date**/**/****
Maturity date**/**/****
Redemption price100%
Floating rateNo
Coupon Rate**.*%
Current coupon rate17.5%
Day count fraction***
ACI*** (12/11/2019)
Coupon frequency2 time(s) per year
Interest accrual date**/**/****
Trading floor, trading codeBYMA (trades settled in ARS in Argentina), BACBO; MAE, BACBO; BYMA (trades settled in USD in Argentina), BACBD; BYMA (trades settled in USD through foreign accoun, BACBC
ListingLuxembourg S.E.

Related issues

×

Registration required. Please log in or fill in the registration form.

Cbonds Valuation
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
:

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
CBONDS ESTIMATION
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715.
The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/.
12/06/2019*** / *** (*** / ***)*** (***)******Archive
Registration required. Please log in or fill in the registration form.

Bond Quotes by Market Participants

Market participantDate and timeBid/ask or last price
(Yield)
Cambridge Financial Information Services12/10/2019**.**** / **.****
(**.** / **.**)
×

Access closed

Request access
×

Contact Info

Registration required. Please log in or fill in the registration form.

Price chart

Registration required. Please log in or fill in the registration form.

Stock exchange and OTC quotes

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
MAE (TRADES WITHOUT CC, T+2, USD)
i
Mercado Abierto Electronico (MAE) is an over-the-counter market in Argentina. It is based in Buenos Aires and was founded in 1988.
12/05/2019*** / *** (*** / ***)*** (***)******Archive
Registration required. Please log in or fill in the registration form.

Bond classification

Subordinated
Sinkable bond
Perpetual
Convertible
Structured product
Restructuring
Securitization
Mortgage bonds
Trace-eligible
Covered
Foreign bonds
CDO
Sukuk
Retail bonds
Supranational bond issues
Green bonds
Non-Marketable Securities

Identifiers

State registration numberBACBO
ISIN / ISIN RegSUSP1047VAG25
ISIN 144AUS05963GAJ76
CUSIP / CUSIP RegSP1047VAG2
CUSIP 144A05963GAJ7
CFI / CFI RegSDBFUGR
CFI 144ADBFUGR
FIGI / FIGI RegSBBG00GMDNHL5
WKN 144AA19HBN
SEDOLBYX1NT7
FIGI 144ABBG00GK3JG45
TickerBMAAR 17.5 05/08/22 REGS

Primary placement

Issuer rating on issue date (M/S&P/F)***/***/***
Placement**/**/****
Initial issue price (yield)***% (**.**%)
Settlement Duration*.**

Participants

Bookrunner: Bank of America Merrill Lynch, Goldman Sachs
Depository: Euroclear Bank, Clearstream Banking S.A.
Paying agent: BNY Mellon (London branch)
Trustee: BNY Mellon (London branch)
Issuer Legal Adviser (International law): Linklaters
Issuer Legal Adviser (Domestic law): Bruchou, Fernandez Madero & Lombardi
Arranger Legal Adviser (International law): Simpson Thacher & Bartlett
Arranger Legal Adviser (Domestic law): Salaverri, Dellatorre, Burgio & Wetzler Malbran Abogados
Additional information
Registration required. Please log in or fill in the registration form.

Payment schedule

*****

Coupon dateActual Payment DateCoupon, %Coupon payment amount, ARSRedemption of principal, ARS
Show previous
1**/**/******/**/******.***,***
2**/**/******/**/******.***,***
3**/**/******/**/******.***,***
4**/**/******/**/******.***,***
5**/**/******/**/******.***,***
6**/**/******/**/******.***,***
7**/**/******/**/******.***,***
8**/**/******/**/******.***,***
9**/**/******/**/******.***,***
10**/**/******/**/******.***,****,***,***
Show following
Registration required. Please log in or fill in the registration form.

Early redemption terms

*****

DateOption typePriceRepurchased amount at par, mln
Show previous
**/**/****debt repurchase*,***.**
Show following
Registration required. Please log in or fill in the registration form.
Registration required. Please log in or fill in the registration form.

Issue ratings

Banco Macro, 17.5% 8may2022, ARS

Rating AgencyRating / OutlookScaleDate
Fitch Ratings***/***LT Int. Scale (local curr.)09/10/2019
Moody's Investors Service ***/***LT- foreign currency09/04/2019
Registration required. Please log in or fill in the registration form.

Issuer ratings

Banco Macro

Rating AgencyRating / OutlookScaleDate
Fitch Ratings***/***LT Int. Scale (local curr.)09/10/2019
Fitch Ratings***/***LT Int. Scale (foreign curr.)09/10/2019
Fix Scr - affiliate of Fitch***/***LT foreign currency rating09/25/2018
Fix Scr - affiliate of Fitch***/***LT local currency rating09/25/2018
Moody's Investors Service ***/***LT- foreign currency09/04/2019
Moody's Investors Service ***/***LT- local currency09/04/2019
Registration required. Please log in or fill in the registration form.

Consolidated IFRS reports

year 1 Q 2 Q 3 Q 4 Q
2019
1.02 M nat
1.09 M nat
1.12 M nat
2018
1.49 M nat
1.05 M nat
1.06 M nat
3.49 M nat
2017
1.01 M nat
×

minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×