Jujuy Province’s $210 Million Green Bond Offering


Holland & Knight, Cabanellas, Etchebarne & Kelly, Skadden and Perez Alati, Grondona, Benites, Arntsen & Martínez de Hoz advised on the transaction

The Argentinean province of Jujuy finalized the offering of a $210 million green bond which is expected to co-finance a 300 MW solar project selected in the first round of the country’s program for large-scale renewables, RenovAr.

According to an informed source, the bond – which carries an 8.62% interest rate and 5-year maturity – was offered on the NYSE. Unspecified investors from the United States, Brazil, Chile, UK, Germany, Switzerland, Spain, Luxembourg, China, Taiwan and Argentina.

BCP Securities and Banco Santander acted as dealer managers. BACS Banco de Crédito y Securitización and Banco Hipotecario acted as local underwriters.

Holland & Knight LLP advised the Province of Jujuy with Stephen Double (Picture) and Carlos Meza.

In Argentina, Cabanellas, Etchebarne & Kelly advised the Province of Jujuy with Alejandro Ezequiel Noblía and Antonio Arias.

Skadden, Arps, Slate, Meagher & Flom advised advised PCP Securities, Banco Santander, BACS Banco de Crédito y Securitización and Banco Hipotecario with Hugo Triaca (Picture) and Annabelle Gardere.

In Argentina, Perez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) advised PCP Securities, Banco Santander, BACS Banco de Crédito y Securitización and Banco Hipotecario with José Martínez de Hoz (n), Luisina Luchini and Martín Chindamo.

Involved fees earner: Alejandro Ezequiel Noblía – Cabanellas – Etchebarne – Kelly; Antonio Arias – Cabanellas – Etchebarne – Kelly; Stephen Double – Holland & Knight; Carlos Meza – Holland & Knight; Hugo Triaca – Skadden Arps Slate Meager & Flom; Annabelle Gardere – Skadden Arps Slate Meager & Flom; José Martínez de Hoz (n) – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Martín Chindamo – Pérez Alati, Grondona, Benites, Arntsen & Martínez;

Law Firms: Cabanellas – Etchebarne – Kelly; Holland & Knight; Skadden Arps Slate Meager & Flom; Pérez Alati, Grondona, Benites, Arntsen & Martínez;

Clients: Banco Santander Sa; BCP Securities; BACS Banco de Crédito y Securitización; Banco Hipotecario S.A.; Province of Jujuy;

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Author: Ambrogio Visconti