Estudio O’Farrell and Tanoira Cassagne Abogados (TCA) advised in YPF Energía Electrica’s first Notes issuance which qualify as Green Bonds
Estudio O’Farrell advised YPF Energía Eléctrica S.A. and Tanoira Cassagne Abogados advised Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A. and Nación Bursátil S.A., as placement agents, in YPF Energía Electrica’s issuance of US$10,853,000 Additional Series IX Notes due 2024; and US$63,870,000 Series X Notes due 2032, set under YPF Energía Electrica’s US$1,500,000,000 Global Medium-Term Notes Program.
The Series X Notes were aligned with the four main components of the International Capital Market Association´s Green Bond Principles, following the ‘Guidelines for the Issuance of Social, Green and Sustainable Marketable Securities in Argentina and the provisions of the Social, Green and Sustainable Bonds Guide of the Argentine Stock Exchange and Markets Panel (ByMA, in its Spanish acronym).
The Series X Notes have been authorized for its listing on ByMA’s Green Panel and for its negotiation on Mercado Abierto Electrónico S.A. (MAE).
The Additional Series IX Notes were listed on the MAE.
YPF Energía Eléctrica S.A. is an electrical power generation and trading company, subsidiary of YPF S.A. (75.01% share capital) and GE EFS Power Investments B.V. (24.99% share capital).
Legal councel to YPF Energía Eléctrica S.A.
Estudio O’Farrell: Partners Uriel F. O’Farrell and Sebastián Luegmayer and associate Gastón Toncovich.
In-house legal counsel to YPF Energía Eléctrica S.A.
Carlos Dionisio Ariosa and Mariela Aguilar.
Legal counsel to the Placement Agents
Tanoira Cassagne Abogados (TCA): Partners Alexia Rosenthal, Jaime Uranga and associates Ignacio Criado Díaz and Francisco Rojas Andri.
In-house legal counsel to the Placement Agents
Banco Santander Río S.A.: Paula Balbi.
Nación Bursátil S.A.: María Valeria Bossi.