Province of Chubut’s Series XLV Treasury Notes Issuance for AR$ 52,253,500
Legal counsel to Banco del Chubut S.A., as arranger, placement and financial agent in the issuance of Province of Chubut’s Series XLV Treasury Notes. The Treasury Notes Series XLV are secured by certain rights of the Province of Chubut to receive amounts under the federal tax co-participation regime and were issued for AR$ 52,253,500 fixed rate equivalents to 25.50% annual nominal, due on June 22, 2020.
Province of Chubut’s Series XLIV Treasury Notes Issuance for AR$ 380,000,000
Legal counsel to Banco del Chubut S.A., as arranger, placement and financial agent, and to Puente Hnos. S.A. as placement agent, in the issuance of Province of Chubut’s Series XLIV Treasury Notes. The Treasury Notes Series XLIV are secured by certain rights of the Province of Chubut to receive amounts under the federal tax co-participation regime and were issued for AR$ 380,000,000 fixed rate equivalents to 22.85% annual nominal, due on May 26, 2020.
Municipality of Cordoba’s Series XXXVI Treasury Notes Issuance for AR$ 466,411,250
Legal counsel to the Municipality of Cordoba, to Banco de la Provincia de Córdoba S.A., as arranger and placement, and to Puente Hnos. S.A., Banco de Servicios y Transacciones S.A. and AdCap Securities Argentina S.A. as placement agents, in the issuance of Municipality of Cordoba’s Series XXXVI Treasury, under the Municipality of Cordoba’s Treasury Notes Issuance Programme. The transaction settled on April 3, 2020 and the payments due under the Treasury Notes Series XXXVI are secured by certain rights of the raising of the Municipality for the contribution that affects the Commercial, Industrial and Services activity. The Treasury Notes Series XXXVI was issued for AR$ 466,411,250 variable rate equivalents to Badlar plus 7%, due on July 3, 2020.
Province of Chubut’s Series XLII Treasury Notes class 1, class 2 and class 3 Issuance for AR$ 402,850,000
Legal counsel to Banco del Chubut S.A., as arranger, placement and financial agent, and to Puente Hnos. S.A. as placement agent, in the issuance of Province of Chubut’s Series XLII Treasury Notes class 1, class 2 and class 3, under the Province of Chubut’s Treasury Notes Issuance Programme. The transaction settled on February 6, 2020 and the payments due under the Treasury Notes Series XLII are secured by certain rights of the Province of Chubut to receive amounts under the federal tax co-participation regime. Class 1 was issued for AR$ 350,850,000 due on March 11, 2020. Class 2 was issued for AR$ 16,000,000 due on April 8, 2020. Class 3 was issued for AR$ 36,000,000 due on May 6, 2020. The Treasury Notes Series XLII Class 1, Class 2 and Class 3 were issued at a 40% fixed rate.
Reprofiling US$ 14,800,000 aggregate principal amount of the Municipality of Río Cuarto’s 7.65% Notes due 2020
Legal counsel to the Municipality of Río Cuarto, as issuer of US$ 14,800,000 aggregate principal amount of it’s 7.65% secured Notes due 2020, issued on November 17th, 2017 (the “2020 Notes”); Banco de la Provincia de Córdoba S.A. and Puente Hnos. S.A., acting in their capacity of consent agents and information agents under the process of the restructuring the 2020 Notes, through the noteholders’ meeting held on December 20th, 2019.
Province of Chubut’s Series XLI Treasury Notes class 1 and class 2 Issuance for AR$ 1,830,010,000
Legal counsel to Banco del Chubut S.A., as arranger, placement and financial agent, in the issuance of Province of Chubut’s Series XLI Treasury Notes class 1 and class 2 under the Province of Chubut’s Treasury Notes Issuance Programme. Class 1 was issued for AR$ 1,717,000,000 variable rate equivalents to Badlar plus 17%, due 2020. Class 2 was issued for AR$ 113,010,000 fixed rate equivalents to 48% annual nominal, due 2020.
The transaction settled on December 20, 2019 and the payments due under the Treasury Notes Series XLI are secured by certain rights of the Province of Chubut to receive amounts under the federal tax co-participation regime.
Province of Chubut’s Series XL Treasury Notes Issuance for AR$ 500,000,000
Legal counsel to Banco del Chubut S.A., as arranger, placement and financial agent, in the issuance of Province of Chubut’s AR$ 500,000,000 fixed rate Series XL Treasury Notes due 2019 (the “Treasury Notes”), under the Province of Chubut’s Treasury Notes Issuance Programme, secured by certain rights of the Province of Chubut to receive amounts under the federal tax coparticipation regime.
DLA Piper Argentina counseled the Province of Chubut, as issuer of the Treasury Notes under the transaction.
Province of Chubut’s Series XXXVIII Treasury Notes Issuance for AR$ 500,000,000
Legal counsel to Banco del Chubut S.A., as arranger, placement and financial agent, in the issuance of Province of Chubut’s AR$ 500,000,000 fixed rate Series XXXVIII Treasury Notes due 2019 (the “Treasury Notes”), under the Province of Chubut’s Treasury Notes Issuance Programme, secured by certain rights of the Province of Chubut to receive amounts under the federal tax coparticipation regime.
DLA Piper Argentina counseled the Province of Chubut, as issuer of the Treasury Notes under the transaction.
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.
Province of La Rioja’s Debt Securities Issuance for US$ 100 million aggregate principal amount
Argentine law counsel to the initial purchaser and the local placement agents in the issuance of US$ 100 million aggregate principal amount of 9.750% additional notes due 2025 (the “Notes”). The Notes were offered and sold in transactions exempt from registration in reliance upon Rule 144A and Regulation S of the United States Securities Act of 1933, as amended, and were admitted to listing in Mercado de Valores de Buenos Aires S.A. and to be traded in Mercado Abierto Electrónico S.A.
UBS Securities LLC acted as initial purchaser in connection with the issuance of the additional Notes. Banco Voii S.A. and Puente Hnos. S.A. acted as local placement agents. The Bank of New York Mellon acted as trustee, paying agent and transfer agent. The Bank of New York Mellon (Luxembourg) S.A. acted as Luxembourg listing agent, paying agent and Luxembourg transfer agent.