Buenos Aires, November 14 (NA) — Banco Patagonia carried out this week the placement of its Patagonia Negotiable Bonds, payable in dollars, at a fixed rate and with a 12-month maturity, for a nominal value of 47 million dollars. This operation reflected the confidence of companies, individuals, and institutional investors in the financial entity. According to what was learned by the Argentine News Agency, the issue received offers for a total of 57 million dollars, of which 47 million were awarded, at a rate of 6.25 percent. The result of the placement reaffirms Banco Patagonia's commitment to continue supporting the development of its clients throughout the country, the entity indicated. Diego Ferreyra, CFO of Banco Patagonia, stated: "We thank all those who have trusted and continue to trust the seriousness and track record of Banco Patagonia and its people. This operation reaffirms the leadership position of our bank both in the capital market and in the Argentine financial system".
