News Details

BUENOS AIRES, Argentina – Grupo Supervielle S.A. (NYSE: SUPV); (BASE: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, announces that its subsidiary, Banco Supervielle S.A. (“Banco Supervielle”), is offering two Series of Senior Floating Rate Notes for AR$1bn up to AR$3.5bn.

Series B senior floating rate notes due 2019 will accrue interest at TM20 plus margin with a minimum coupon rate for the first interest rate period. Interest will be paid quarterly. Payment of the principal of the Series B Notes will occur upon maturity.

Series C senior floating rate notes due 2021 (“Series C Notes”) will accrue interest at BADLAR plus margin with a minimum coupon rate for the first two interest rate periods. Interest will be paid quarterly. Payment of principal of the Series C Notes will be made in three installments as follows: 33.33% on month 36, 33.33% on month 42 and 33.34% upon maturity.

Both Series will be denominated and issued in Argentine pesos. Investors may subscribe the notes in argentine pesos or U.S. dollars based on the exchange rate published by the Argentine Central Bank through Communication “A” 3,500 on the day prior to the Settlement Date.

The notes have been rated in Argentina “AA(arg)” by FIX SCR S.A. Agente de Calificación de Riesgo.

Banco Supervielle intends to use any net proceeds of the issuance of the notes in compliance with the requirements of Article 36 of the Negotiable Obligations Law, Communication “A” 3046 of the Central Bank and may also invest the proceeds of the notes in government securities and short term investments, until it allocates such proceeds to one or more of the permitted purposes set forth above.

Pricing Date: Wednesday, December 20th 2017 (16:00hs BAT)

Settlement Date: Friday, December 22nd 2017 (T+2)