Compañia Argentina Financiera S.A.’s $42.9 Million Notes Offering


Beccar Varela advised Compañia Argentina Financiera S.A. on the issuance of Class XX notes, for an accrued amount of up to AR$750,000,000, issued in two series under the company’s global program for short, medium and long term notes for a maximum nominal value of up to US$ 250 million (or its equivalent in other currencies). Series I notes were issued at a nominal value of AR$ 401,666,666, while Series II at a nominal value of AR$348,333,334.

The notes were issued July 25, 2017. In this transaction, Banco de Galicia y Buenos Aires S.A., BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A. acted as placement, settlement and organizer agents respectively, Nuevo Banco de Santa Fe S.A. as placement agent, and Sufisa S.A. as co-organizer agent.

The maturity date of Class XX Series I notes (denominated in Argentine Pesos) will take place on January 25, 2019, accruing interest at Badlar rate + cut-off margin of 4.25% per annum. The maturity date of Class XX Series II notes (also denominated in Argentine Pesos) will take place on July 25, 2020, accruing interest at Badlar rate + cut-off margin of 4.25%.

Fix SCR Agente de Calificación de Riesgo S.A. has rated both series notes “AA-(arg)”. These notes have been listed on The Buenos Aires Stock Exchange (Bolsa de Comercio de Buenos Aires) and have been admitted to trading on the Mercado Abierto Electrónico S.A. and the Bolsas y Mercados Argentinos S.A.

Estudio Beccar Varela advised with a team including Javier Luis Magnasco (Picture) Luciana Denegri, María Victoria Pavani and Jose Maria Krasñansky.

Involved fees earner: Javier Luis Magnasco – Estudio Beccar Varela; Luciana Denegri – Estudio Beccar Varela; Maria Victoria Pavani – Estudio Beccar Varela; Jose Maria Krasñansky – Estudio Beccar Varela;

Law Firms: Estudio Beccar Varela;

Clients: Compañía Argentina Financiera SA;

Print Friendly, PDF & Email

Author: Ambrogio Visconti.