Supervielle starts follow-on offering

Supervielle starts follow-on offering

Argentina Equity

Grupo Supervielle starts investor meetings this week ahead of a potential follow-on equity offering slated to price on September 12. The Argentine bank is issuing 70m new shares, while an existing shareholder and member of the Supervielle family is selling 33m Class B shares in a secondary offering, ECM bankers said. Bookrunners Bank of America Merrill Lynch, Itau BBA and JPMorgan will lead investor meetings in Argentina, Brazil and Chile this week, before starting meetings in Europe and the U

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