Banco de la Provincia de Buenos Aires’ Series VIII, Series IX y Series X Notes Issuance for AR$ 6,000,000,000
Legal counsel to Banco de la Provincia de Buenos Aires (the “Bank”) in the Bank’s Series VIII, Series IX y Series X Notes issuance for an approximate amount of AR$ 6,000,000,000. The Bank acted as issuer, arranger and lead placement agent of the transaction, while Banco de Galicia y Buenos Aires S.A., BBVA Banco Francés S.A., Banco Macro S.A., and Macro Securities S.A. acted as placement agents.
“BeST Consumer Finance Serie XLVII” Financial Trust for AR$ 350,000,000
Deal counsel in the issuance and placement in Argentina of trust securities for AR $ 350,000,000 issued under the “BeST Consumer Finance Serie XLVII” Financial Trust, in which Banco de Servicios y Transacciones S.A acted as arranger, trustor, servicer and custodian, and TMF Trust Company (Argentina) S.A acted as trustee.
AR$ 370 million syndicated loan granted to Energía San Juan S.A.
Legal counsel to Banco de Servicios y Transacciones S.A., Banco de San Juan S.A., Banco Itaú Argentina S.A., BBVA Banco Frances S.A. Banco de la Ciudad de Buenos Aires S.A. and Banco Comafi S.A., as lenders, and Banco de Serivicios y Transacciones S.A. as administrative agent and co-arranger and BBVA Banco Francés S.A. as co-arranger, in a syndicated loan granted to Energía San Juan S.A. for an aggregate of AR$ 370,000,000. (2018)
Crédito Directo S.A.´s AR$ 300,000,000 Class III & IV Notes Issuance
Deal counsel in the issuance of Crédito Directo S.A.´s AR$ 300,000,000 Class III & IV Notes under its $ 800,000,000 Global Notes Programme.
Banco de Servicios y Transacciones S.A. acted as arranger and placement agent. Industrial Valores S.A., Puente Hnos S.A. and Balanz Capital Valores S.A.U. acted as placement agents.
“BeST Consumer Finance Serie XLVI” Financial Trust for AR$ 380,000,000
Deal counsel in the issuance and placement in Argentina of trust securities for AR $ 380,000,000 issued under the “BeST Consumer Finance Serie XLVI” Financial Trust, in which Banco de Servicios y Transacciones S.A acted as arranger, trustor, servicer and custodian, and TMF Trust Company (Argentina) S.A acted as trustee.
Cooperativa de Crédito, Consumo y Servicios Sociales La Plata Ltda.’s AR$ 75,000,000 Class I SME notes
Deal counsel in the issuance of Cooperativa de Crédito, Consumo y Servicios Sociales La Plata Ltda.´s AR$ 75,000,000 Class I SME Notes under its $ 100,000,000 Notes Programme.
Banco de Servicios y Transacciones S.A. acted as arranger and placement agent.
Cartasur Cards issued Class II Notes for AR$ 100,000,000
Deal Counsel in Cartasur Cards S.A.’s issuance of Class II Notes for AR$ 100,000,000, in which Banco de Servicios y Transacciones S.A. acted as arranger and placement agent, and Balanz Capital Valores S.A. Puente Hnos S.A. and AD Cap Securities Argentina S.A. acted as placement agents.
Cartasur Cards S.A. entered the Public Offering Regime for Notes Issuance and issued Class I Notes for AR$ 75,000,000
Deal Counsel in the issuance of Class I Notes for AR$ 75,000,000, in which Banco de Servicios y Transacciones S.A. acted as arranger and placement agent, and Balanz Capital Valores S.A. and Puente Hnos S.A. acted as placement agents.
“Presto Hoy I” Financial Trust for AR$ 95,107,765
Deal counsel in the constitution of the "Presto Hoy" Trust Securities Global Program and the issuance and placement in Argentina of trust securities for AR $ 95,107,765 issued under the “Presto Hoy I” Financial Trust, in which Wenance S.A acted as trustor and servicer, AdCap Securities Argentina S.A. as arranger, structuring agent, financial advisor and placement agent, and TMF Trust Company (Argentina) S.A acted as trustee.
Issuance of notes worth AR$ 3.6 billion in the aggregate by HSBC Bank Argentina S.A.
Acted as legal advisor to HSBC Bank Argentina S.A. (“HSBC”) in the issuance of: (i) Additional Class 5 Notes (re-opening of Class 5 Notes issued August 4, 2017 at 101% issue price) worth AR$ 1,167,500,000 (US$ 65.94 million) at the Tasa de Política Monetaria (Monetary Policy Interest Rate) as determined by the Argentine Central Bank, at 104.5% issue price, due on August 4, 2020; (ii) Class 6 Notes worth AR$ 433,333,000 (US$ 24.44 million) at a 25% fixed annual interest rate, due on June 7, 2019; and (iii) Class 7 Notes worth AR$ 2,064,500,000 (US$ 111.92 million) at the TM20 interest rate as reported by the Argentine Central Bank plus a 3.5% margin, due on December 7, 2020.
Additional Class 5 Notes, Class 6 Notes and Class 7 Notes were issued under HSBC’s notes program for the issuance of non-convertible negotiable obligations for up to V/N US$ 500,000,000 (or its equivalent in other currencies).
HSBC and Banco de Galicia and Buenos Aires S.A. acted as placement agents of Additional Class 5 Notes and Class 7 Notes, while HSBC was the exclusive placement agent of Class 6 Notes.