Argentina's Quickfood plans to sell up to $10 million series 1 notes

By Caroline Salls

Pittsburgh, Aug. 20 - Quickfood SA plans to sell up to $10 million of series 1 notes due 2014 under its $50 million global notes program, according to a pricing supplement released Thursday.

Interest will be Libor plus 500 basis points. The rate cannot be less than 7 1/8% or more than 8½%.

The minimum subscription amount will be $2,500. The company must receive offers to buy at least $8 million of the notes to complete the sale.

Banco de Galicia y Buenos Aires SA is the placement agent and bookrunner, and Caja de Valores SA is the registration and payment agent.

Quickfood is a Buenos Aires-based food company.

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