Tanoira Cassagne advises Vetanco S.A. on debt issuance
Argentina’s Tanoira Cassagne Abogados assisted Vetanco S.A. in the issuance in the domestic market of small and medium-sized company (SME) bonds (obligaciones negociables) for the amount of 15 million argentine Pesos, which were successfully placed on September 28th, 2015 and issued on September 30th, 2015.
The bonds are due on September 30th, 2018, and were tendered at minus 60% over BADLAR rate, with interest payable semiannually. Notwithstanding that, the bonds will pay a semiannual interest of 10% as long as such floor was agreed in the terms and conditions of issuance.
The funds raised in the bond issuance will serve for working capital.
The notes are listed at the Buenos Aires Stock Exchange and in Mercado Abierto Electr�nico S.A.
Vetanco core business is the development and marketing of innovative products for animal health and production. It offers internationally proved, controlled and safe products for improving productivity and the food security in more than 40 countries around the world.
Counsel to Vetanco S.A..acting as issuer and Banco de Valores S.A. and INTL CIBSA S.A. acting as Placement Agents and Arrangers.
Tanoira Cassagne Abogados. Partner Alexia Rosenthal and Associates Roc�o Carrica and Leopoldo P�rez Obreg�n.