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UncategorizedBruchou advise on notes offering by the Province of Río Negro

April 12, 2021
Banking & Capital Markets – Sovereign Debt & Public Sector Finance Bankruptcy & Debt Restructure

 

Province of Río Negro (the “Province”) has successfully issued notes “BONO RÍO NEGRO 2021” due on April, 2022 for an aggregate amount of AR$ 1.834.109.708, and accruing a floating interest rate equal to the Badlar rate plus a 8% margin, (the “Notes”), under the Province’s Program “Programa de emisión de Títulos Públicos Provinciales 2021” within the aggregate amount of pesos five billion ($5.000.000.000). Payments due under the Notes will be guaranteed by an assignment of the Province´s rights over the funds or any other payment under the Federal Tax Co-Participation Regime, or the one replacing it in the future. The issuance date of the Notes was on April 12, 2021.

Banco Patagonia S.A. acted as arranger and placement agent.; Macro Securities S.A., BACS Banco de Crédito y Securitización S.A. and Banco de Servicios y Transacciones S.A. acted as sub-placement agents.

Bruchou, Fernández Madero & Lombardi advised the principal arranger and placement agent and sub.placement agents, through a team led by partner Perelsztein, Alejandro and associates Chester, Andrés and Dorado, Lucila.

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Ing. Enrique Butty 275, Piso 12. C1001AFA, Buenos Aires, Argentina.
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