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2022New DealBruchou advised on the issuance of notes by Banco Itaú Argentina

March 15, 2022

Bruchou, Fernández Madero & Lombardi acted as legal advisor in the issuance of Banco Itaú Argentina S.A. Series 33 Notes for an amount of AR$ 2,808,000,000 (the “Notes”) under its Program for the Issuance of Notes for an amount of up to US$ 350,000,000 (or its equivalent in other currencies or monetary units, of measurement or value).

The Notes, due after 12 months as from its issuance date on March 14th, 2023, will bear interest at a variable annual rate equal to the sum of the Badlar Rate plus the Applicable Margin of 2.00%, and will be repaid in a single payment on the due date.

The Notes have been admitted for listing on the Mercado Abierto Electrónico S.A. Fix Argentina has rated the Notes as “A1+(arg)”.

Banco Itaú Argentina S.A. acted as issuer, arranger and co-placement agent of the issuance and Itaú Valores S.A.  acted as co-placement agent of the issuance.

 

Deal Counsel:

Bruchou, Fernández Madero & Lombardi team led by Alejandro Perelsztein with the participation of Leandro Exequiel Belusci, Manuel Etchevehere and Sebastián Pereyra Pagiari.

In-house counsel: Luis María Vaini and Luisina Rossi.

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