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

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2021New DealBruchou advised in Luz de Tres Picos first Notes issuance which qualify as Green Bonds

November 10, 2021
Bruchou advised Luz de Tres Picos S.A.’s first issuance of serie I notes for an amount of US$ 30 million, which qualify as Green Bonds. The Serie I Notes were issued under Luz de Tres Picos´s US$100 million (or its equivalent in other currencies) Global Notes Program.

Banco Itaú Argentina S.A., Banco de Galicia y Buenos Aires S.A.U., Banco BBVA Argentina S.A., Banco Santander Río S.A., PP Inversiones S.A., Balanz Capital Valores S.A.U., Itaú Valores S.A, Industrial and Commercial Bank of China S.A.U., Banco Patagonia S.A., Max Capital S.A. and BACS Banco de Crédito y Securitización S.A acted as placement agents

The Company received offers for the Serie I Notes for an amount of US$ 108,927,721, which is more than three times the offered amount of Series I. In addition, the interest rate was set at 0%.

The Serie I Notes were issued in line with the four main components of the International Capital Market Association’s Green Bond Principles; were issued following the ‘Guidelines for the Issuance of Social, Green and Sustainable Marketable Securities in Argentina and the provisions of the Social, Green; and Sustainable Bonds Guide of the Argentine Stock Exchange and Markets Panel (ByMA). Thus, in the green bond evaluation carried out by FIX SCR S.A., they have been qualified as “BV1 (arg)”.

The Serie I Notes have been authorized for its listing on ByMA’s Green Panel and for its negotiation on Mercado Abierto Electrónico S.A. (“MAE”).

Legal advisors of Luz de Tres Picos S.A.:

Partner Bazán, José María and associates Etchevehere, Manuel and Bonato, Valentín Alfredo.

Other relevant transactions in which we participate

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Ing. Enrique Butty 275, Piso 12. C1001AFA, Buenos Aires, Argentina.
(5411) 5171-2300
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