Tanoira Cassagne advises Ovoprot on its debt issuance
Argentina’s Tanoira Cassagne assisted Ovoprot International S.A. in the issuance of bonds (obligaciones negociables) for the amount of 50 million argentine Pesos, which were successfully placed on August 22, 2016.
The bonds are due on August 24th, 2019, and are subject to a variable interest rate, payable on a quarterly basis.
Ovoprot International S.A. is an argentine company dedicated to the industrial processing of shelled eggs for the production of liquid pasteurized egg products and pasteurized dehydrated egg products. Such products are sold both locally and abroad, where powder egg products are majorly placed. Ovoprot had already issued bonds three times and had performed an initial public offering of its shares in 2011.
The funds raised in the bond issuance will serve mostly for working capital.
The notes are listed at the Buenos Aires Stock Exchange.
Counsel to Ovoprot International S.A. and Balanz Capital acting as Arranger and Placement Agent.
Tanoira Cassagne Abogados. Partner Alexia Rosenthal and Associates Ignacio Nantes and Tomás Lipka