Cabanellas Etchebarne Kelly has helped the central Argentine province of Neuquén issue notes worth US$66 million.
Tanoira Cassagne Abogados advised arrangers and placement agents Banco Provincia del Neuquén, Banco Macro, Macro Securities and Banco de Galicia y Buenos Aires, with Deutsche Bank as trustee. The transaction closed on 3 July.
Neuquén issued the 28.5 per cent two-year notes as part of its four-year US$120 million treasury notes issuance programme. The notes are secured by federal tax revenues.
Cabanellas Etchebarne and Tanoira Cassagne acted in the same roles in previous issuances by Neuquén worth US$45 million in May, US$68 million in March and US$48 million in May 2014.
Counsel to the Province of Neuquén
Cabanellas Etchebarne Kelly
Partner Marcelo Etchebarne, member Jaime Uranga and associate Nicolás Aberastury
Counsel to Banco Provincia de Neuquén, Banco Macro, Macro Securities, Banco de Galicia y Buenos Aires and Deutsche Bank
Tanoira Cassagne Abogados
Partner Alexia Rosenthal and associates Rocío Carrica, Joaquín Villegas and Martín Aguilar