GNB SUDAMERIS IS SEARCHING FOR 400 MILLION TO GO SHOPPING

GNB SUDAMERIS IS SEARCHING FOR 400 MILLION TO GO SHOPPING

GNB Sudameris has had meetings with foreign investors on the pre bond issuance of about 400 million dollars, which was approved by the board at its meeting last June the 27th.

The organization advances the process of buying HSBC subsidiaries in 4 countries in South America. According to market estimates, placing the papers this week and would have a period of 10 years at an estimated rate of between 6.1 and 6.7 %.

The Gilinski family’s company announced in May a purchase agreement on the subsidiaries of HSBC in the countries of Colombia, Paraguay, Uruguay and Peru.

The business would be for the 400 million; however, analysts said part of the proceeds of the issuance will be used to strengthen the capital structure of the bank.