Municipality of Cordoba’s Series XLVII Treasury Notes Issuance for AR$ 3,000,000,000
Legal counsel to the Municipality of Cordoba, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Adcap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A., SBS Trading S.A., Banco Comafi S.A., Nación Bursátil S.A., Banco de Galicia y Buenos Aires S.A.U., Becerra Bursátil S.A. and Petrini Valores S.A., as placement agents, in the issuance of Municipality of Cordoba’s Series XLVII Treasury Notes (the “Treasury Notes Series XLIVII”), under the Municipality of Cordoba’s Treasury Notes Issuance Program. The payments due under the Treasury Notes Series XLVII are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XLVII were issued on April 14, 2023, for AR$ 3,000,000,000 at an annual floating interest rate equivalent to Badlar plus 5.50%, due on February 8, 2024.
Municipality of Cordoba’s Green and Infrastucture Bond Issuance for AR$ 2,846,069,500
Legal counsel to the Municipality of Córdoba, as issuer, in the issuance of Municipality of Córdoba’s Debt Securities Series I and Debt Securities Series II (the “Debt Securities”). The payments due under the Debt Securities are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. Series I was issued on October 27, 2022, for AR$ 2,000,000,000 at an annual floating interest rate equivalent to Badlar plus 7.75%, due on October 27, 2025. Series II was issued on October 27, 2022, for AR$ 846,069,500 at an annual floating interest rat equivalent to Badlar plus 8.50%. Series I was qualified as Green Bonds, and it is the first public bond to be incorporated as green bonds into the “Panel de Bonos Sociales, Verdes y Sustentables” from Bolsas y Mercados Argentinos S.A.
Municipality of Cordoba’s Series XLV Treasury Notes Issuance for AR$ 1,500,000,000
Legal counsel to the Municipality of Cordoba, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement agent, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Adcap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A., SBS Trading S.A., Banco Comafi S.A., Nación Bursátil S.A., and Banco de Galicia y Buenos Aires S.A.U., as placement agents, in the issuance of Municipality of Cordoba’s Series XLV Treasury Notes (the “Treasury Notes Series XLIV”), under the Municipality of Cordoba’s Treasury Notes Issuance Program. The payments due under the Treasury Notes Series XLV are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XLV were issued on September 13, 2022, for AR$ 1,500,000,000 at an annual floating interest rate equivalent to Badlar plus 2.64%, due on July 10, 2023.
Municipality of Cordoba’s Series XLIII Treasury Notes Issuance for AR$1,029,029,000
Legal counsel to the Municipality of Cordoba’s, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement, and to AdCap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A., Banco de Servicios y Transacciones S.A., Puente Hnos S.A., SBS Trading S.A., Nación Bursátil S.A., y Banco de Galicia y Buenos Aires S.A.U., as placement agents, in the issuance of Municipality of Cordoba’s Series XLIII Treasury Notes (the “Treasury Notes Series XLIII”), under the Municipality of Cordoba’s Treasury Notes Issuance Programme. The transaction closed on December 17, 2021 and the payments due under the Treasury Notes Series XLIII are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XLIII were issued for AR$1,029,029,000 at an annual floating interest rate equivalent to Badlar plus 4.75%, due on September 13, 2022.
Legal counsel in the successful restructuring of the Province of La Rioja’s notes issued under foreign law for USD 300,000,000
Counsel of BofA Securities, Inc. as consent solicitation agent in the restructuring notes issued by the Province of La Rioja in the international capital markets for the principal amount of USD 300,000,000 at a rate of 9.750% due in 2025. The Province received the consent from holders representing 98.61% of the notes’ outstanding principal amount to implement certain amendments to its terms, thus reaching the highest acceptance rate for sovereign restructurings. As a result of the successful consent solicitation, the indenture governing the notes was amended to extend the notes’ maturity date, modify the interest rate and the amortization schedule of the notes, among other amendments.
Municipality of Cordoba’s Series XLII Treasury Notes Issuance for AR$749,576,000
Legal counsel to the Municipality of Cordoba’s, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement agent, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., AdCap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A., SBS Trading S.A. and Nación Bursátil S.A., as placement agents, in the issuance of Municipality of Cordoba’s Series XLII Treasury Notes (the “Treasury Notes Series XLII”), under the Municipality of Cordoba’s Treasury Notes Issuance Programme. The transaction closed on June 29, 2021 and the payments due under the Treasury Notes Series XLII are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XLII were issued for AR$749,576,000 at an annual floating interest rate equivalent to Badlar plus 4.75%, due on March 25, 2022.
Municipality of Río Cuarto’s Series XXXV Treasury Notes Issuance for AR$251,077,242
Legal counsel to the Municipality of Rio Cuarto, as issuer, Banco de la Provincia de Córdoba S.A. and Puente Hnos. S.A., as arrangers and placement agents in the issuance of Municipality of Río Cuarto’s Series XXXV Treasury Notes (the “Treasury Notes”), under the Municipality of Río Cuarto’s Treasury Notes Issuance Programme. The transaction closed on June 11, 2021 and the Treasury Notes are secured by the Municipality's credits for contributions levied on commercial, industrial and service companies' activities. The Treasury Notes were issued for AR$251,077,242 at an annual floating interest rate equivalent to Badlar plus 4%, due on November 23, 2021.
Province of Chubut’s Series LXV Class 1 and Class 2 Treasury Notes Issuance for AR$ 135,632,000
Legal counsel to Puente Hnos. S.A., as placement agent in the issuance of Province of Chubut’s Series LXV Class 1 and Class 2 Treasury Notes (the “Treasury Notes Series LXV”). The Treasury Notes Series LXV 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$ 135,632,000. Class 1 has a fixed annual nominal rate equivalent to 36.75% and is due on April 7, 2021. Class 2 has a fixed annual nominal rate equivalent to 36.90% and is due on May 6, 2021.
Municipality of Cordoba’s Series XLI Treasury Notes Issuance for AR$900,000,000
Legal counsel to the Municipality of Cordoba’s, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., AdCap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A. and SBS Trading S.A., as placement agents, in the issuance of Municipality of Cordoba’s Series XLI Treasury Notes (the “Treasury Notes Series XLI”), under the Municipality of Cordoba’s Treasury Notes Issuance Programme (the “Programme”). The transaction closed on March 2, 2021 and the payments due under the Treasury Notes Series XLI are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XLI were issued for AR$900,000,000 at an annual floating interest rate equivalent to Badlar plus 4.25%, due on November 27, 2021.
Province of Chubut’s Series LXII Treasury Notes Issuance for AR$ 326,483,820
Legal counsel to Puente Hnos. S.A., as placement agent in the issuance of Province of Chubut’s Series LXII Treasury Notes (the “Treasury Notes Series LXII”). The Treasury Notes Series LXII 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$ 326,483,820, fixed annual nominal rate equivalent to 37.00%, due on March 26, 2021.