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2022New DealWe advised in the issuance of Notes of the Province of Buenos Aires

May 19, 2022

The Province of Buenos Aires (the “Province”) issued on May 16, 2022, notes with a variable rate maturing on May 16, 2024 (the “Notes”) for a total nominal amount of Ps. 16,423,783,860.

The Notes were issued with a term of 24 months, fully amortized on the maturity date, and bearing interest payable quarterly at the rate resulting from the sum of BADLAR plus a fixed margin of 6.50% nominal annual rate.

The transaction included the possibility of paying the Notes in Pesos or in kind through the delivery of notes and/or certain Treasury Bills issued by the Province. Notes in kind were allotted a total nominal amount of Ps. 7,873,603,360.

Adcap Securities Argentina S.A., Balanz Capital Valores S.A.U., Banco de la Provincia de Buenos Aires, Banco Mariva S.A. and Banco Santander Argentina S.A acted as placement agents.

Advisors to the Province

DLA Piper advised the Province of Buenos Aires, as issuer, through its partner Justo Segura and associates Marcos Taiana and Federico Vieyra.

Advisors to the placement agents

Bruchou, Fernández Madero & Lombardi advised Adcap Securities Argentina S.A., Balanz Capital Valores S.A.U., Banco de la Provincia de Buenos Aires, Banco Mariva S.A. and Banco Santander Argentina S.A., as placement agents, through its partner Alejandro Perelsztein and associates Leandro Exequiel Belusci, Manuel Etchevehere and Delfina Calderale.

 

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