Banco Nación issues debt for the first time in 30 years to finance credit

The BNA will tender these instruments between Wednesday and Thursday of this week. In a statement, the entity chaired by Darío Wasserman highlighted that this operation “represents a new investment alternative for its clients and, at the same time, strengthens the entity’s lending capacity to reach more Argentines: more SMEs that want to grow, more families that dream of their own home and more producers who need financing to expand.

In the placement, by the own Banco Nación, Santander, Galicia, BBVA, Macro Securities and Nación BursátilBoth natural and legal persons may participate. There is no distinction between clients and non-clients of the bank: The latter may participate, complying with the usual market requirements, such as opening a client account and validating the investor profile.

The bet is raise a minimum of US$50 million, with an amount that can be expanded to US$1.5 billionaccording to the interest of investors.

The entity considered three types of titles, according to the different profiles:

“The funds raised will be used directly to strengthen credit in the real economy: MSMEs that will be able to expand their productive capacity, families that will access financing for their housing, exporters that will have support to grow in external markets and regional economies that will find in the Bank a partner for their development,” highlighted the Nation.

“This issue not only diversifies the Bank’s funding: it creates a new investment alternative for savers and investors who seek to protect their capital with the support of the largest banking institution in the country,” the official communication closed.