Legal counsel to Nuevo Banco de Santa Fe S.A., as Arranger and Lead Placement Agent; and to Banco de Servicios y Transacciones S.A., Banco Comafi S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Patagonia S.A., Banco Santander Argentina S.A., Adcap Securities Argentina S.A., Consultatio Investments S.A., Facimex Valores S.A., Invertir en Bolsa S.A., and Puente Hnos. S.A. as Co-Placement Agents, in the issuance of Province of Santa Fe’s Bonds (the “Bonds”), under the Province of Santa Fe’s Bonds Issuance Program. The payments due under the Bonds are secured by arising from the Federal Co-Participation funds (Regimen de Coparticipación Federal). The Bonds were issued in an aggregate principal amount of AR$ 50,000,000,000 equivalents to approximately US$ 49,566,294. The Bonds are adjusted by accrued interest at BADLAR rate plus 6.40% per annum. The Bonds are due November 2027. The proceeds of the Bonds will be applied by the Province of Santa Fe finance road infrastructure projects, including highways, roads, and bridges, aimed at strengthening logistics infrastructure for access to the port area in the Greater Rosario Metropolitan Area, fostering economic development, and improving connectivity in the region.
Among the projects to be financed with the proceeds of the issuance are the “Camino del Mozo” project, which involves the construction of new access roads to port terminals between National Route No. 9 and Provincial Route No. 21; the “Camino de la Cremería” project, consisting of the structural reinforcement of Provincial Route No. 25 to meet its expected service life; and the “Third Lane Rosario-Santa Fe Highway” project, which entails the construction of an additional lane on the AP01 “Brigadier General Estanislao López” highway.