Banco de la Ciudad de Buenos Aires’s $130 Million Notes Offering


Beccar Varela and Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) advised on the deal

Banco de la Ciudad de Buenos Aires finalized the offering of $130 million notes, issued in two notes classes under the entity’s Global Program for short, medium and long term notes with a maximum global nominal value of up to US$500 million (or its equivalent in other currencies).

In this transaction, Banco Ciudad acted as issuer, organizer and placement agent.

Banco de Galicia y Buenos Aires, Industrial and Commercial Bank of China (Argentina), Macro Securities and Puente Hnos acted as placement agents and turned to Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h). The result of the placement was published on August 9th, 2017.

The listing and negotiation of the notes have been requested with the Buenos Aires Stock Market and Mercado Abierto Electrónico SA.

Beccar Varela advised Banco de la Ciudad de Buenos Aires with Javier L. Magnasco (Picture), Luciana Denegri and José M. Krasñansky.

Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) advised Banco de Galicia y Buenos Aires, Industrial and Commercial Bank of China (Argentina), Macro Securities and Puente Hnos, with a team including José Martínez de Hoz (nieto), Martín Chindamo and Agustina Houlin.

Involved fees earner: Javier Magnasco – Estudio Beccar Varela; Luciana Denegri – Estudio Beccar Varela; José Krasñansky – Estudio Beccar Varela; José Martínez de Hoz (n) – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Martín Chindamo – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Agustina Houlin – Pérez Alati, Grondona, Benites, Arntsen & Martínez;

Law Firms: Estudio Beccar Varela; Pérez Alati, Grondona, Benites, Arntsen & Martínez;

Clients: Industrial and Commercial Bank of China; Puente Hermanos S.A.; Banco de Galicia y Buenos Aires S.A.; Banco Ciudad de Buenos Aires; Macro Securities S.A.;

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Author: Ambrogio Visconti.