Tanoira Cassagne Abogados and Bruchou, Fernández Madero & Lombardi advise on a new issuance of notes (payable in Pesos and/or in kind) by the Province of Río Negro.

News

Tanoira Cassagne Abogados and Bruchou, Fernández Madero & Lombardi advise on a new issuance of notes (payable in Pesos and/or in kind) by the Province of Río Negro.

PR RN 2021 2

Province of Río Negro (the “Province”) has successfully issued notes “BONO RÍO NEGRO 2021 SERIE II” due on July 20, 2022 for an aggregate amount of AR$ 1.549.110.610, and accruing a floating interest rate equal to the Badlar rate plus a 8% margin, (the “Notes”), under the Province’s Program “Programa de Emisión de Títulos Públicos Provinciales 2021” within the aggregate amount of pesos five billion ($5.000.000.000) (the “Program”). Payments due under the Notes will be guaranteed by an assignment of the Province´s rights over the funds or any other payment under the Federal Tax Co-Participation Regime, or the one replacing it in the future. The issuance date of the Notes was on July 6, 2021.

Banco Patagonia S.A. acted as arranger and placement agent.; Banco de Servicios y Transacciones S.A., Compañía Financiera Argentina S.A. and Banco Comafi S.A. acted as sub-placement agents.

Tanoira Cassagne Abogados advised the issuer, through a team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Pilar Domínguez Pose and Rodrigo Córdoba. 

Bruchou, Fernández Madero & Lombardi advised the principal arranger and placement agent and sub-placement agents, through a team led by partner Alejandro Perelsztein and associates Lucila Dorado and Delfina Calderale.