Tanoira Cassagne Abogados and Bruchou, Fernández Madero & Lombardi advise on debt issuance by the Province of Neuquén

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Tanoira Cassagne Abogados and Bruchou, Fernández Madero & Lombardi advise on debt issuance by the Province of Neuquén

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The Province of Neuquén (the “Province”), a province of the Republic of Argentina, has successfully issued the second series of the Short-Term Notes for an aggregate amount of AR$ 937,766,000, under the Province’s Global Short-Term Notes Program due on 2020, within the aggregate amount of AR$ 6,000,000,000. The Class 1 Series II Short-Term Notes (“Short-Term Notes”)were issued for AR$ 937,660,000, due in 92 days from its issuance date and accruing a floating interest rate equal to the Badlar rate plus a 7,00% margin. The Short-Term Notes will be guaranteed by an assignment of the Province 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 Short-Term Notes was on April 6, 2020.

Banco Provincia del Neuquén S.A. acted as principal arranger and placement agent. Banco de Galicia y Buenos Aires S.A.U. and Banco Macro S.A. acted as co- arrangers  and Banco de Galicia y Buenos Aires S.A.U., Macro Securities S.A. and AdCap Securities Argentina S.A. acted as co- placement agents.

Tanoira Cassagne Abogados advised the issuer, through a team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti and María Belén López Domínguez

Bruchou, Fernández Madero & Lombardi advised the co-arrangers and co-placement agents, through partner Alejandro Perelsztein and associates Leandro E. Belusci and Manuel Etchevehere.

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