Tanoira Cassagne Abogados and Bruchou, Fernández Madero & Lombardi advise on notes offering (payable in Pesos and/or in kind) by the Province of Río Negro
Province of Río Negro (the “Province”) has successfully issued notes “BONO RÍO NEGRO 2021” due on April, 2022 for an aggregate amount of AR$ 1.834.109.708, 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). 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 April 12, 2021.Banco Patagonia S.A. acted as arranger and placement agent.; Macro Securities S.A., BACS Banco de Crédito y Securitización S.A. and Banco de Servicios y Transacciones 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, Lucía Farrando and Pilar Domínguez Pose.
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 Andrés Chester and Lucila Dorado