Republic of Argentina’s €9 Billion Bond Offering

Cleary Gottlieb Steen & Hamilton, Errecondo, González & Funes, Shearman & Sterling and Bruchou, Fernández Madero & Lombardi advised on the transaction

The transaction launched and priced on January 4, 2018, closed on January 11, 2018, and yielded three series of bonds: 4.625 percent bonds due 2023, 5.875 percent bonds due 2028, and 6.875 percent bonds due 2048.

This offering was the Republic’s first USD new money issuance registered with the Securities and Exchange Commission since returning to international capital markets in April 2016.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc and HSBC Securities (USA) Inc. acted as Initial Purchasers.

Cleary Gottlieb Steen & Hamilton LLP advised the Republic Of Argentina with Andrés de la Cruz (Picture), Erika Nijenhuis, Carlos von der Heyde, Ignacio Lagos, Adriana Camaño, Isa Julson Barahona, Jessica Batlle, Anne Rhodes, Anthony Yanez, Sonia Montejano, Grace Brennan and Adam Weir.

In Buenos Aires, Errecondo, González & Funes advised the Republic of Argentina with Javier Errecondo and Delfina Lynch.

Shearman & Sterling advised the Initial Purchasers with Antonia Stolper, Russell Sacks, Alejandro Gordano, Jennifer Morton, Jeffrey Tate, Stephanie Howard, Jenny Ding Jordan and Sean Kelley.

In Argentina, Bruchou, Fernández Madero & Lombardi advised the Initial Purchasers with Hugo N. Bruzone, José María Bazán and Juan Barros Moss.

 

Involved fees earner: Hugo Bruzone – Bruchou, Ferna?ndez Madero & Lombardi; José María Bazán – Bruchou, Ferna?ndez Madero & Lombardi; Juan Barros Moss – Bruchou, Ferna?ndez Madero & Lombardi; Javier Errecondo – Errecondo, Gonzalez & Funes ; Delfina Lynch – Errecondo, Gonzalez & Funes ; Antonia Stolper – Shearman & Sterling; Russell Sacks – Shearman & Sterling; Alejandro Gordano – Shearman & Sterling; Jennifer Morton – Shearman & Sterling; Sean Kelly – Shearman & Sterling; Jenny Ding Jordan – Shearman & Sterling; Jeffrey Tate – Shearman & Sterling; Andrés De la Cruz – Cleary Gottlieb Steen & Hamilton; Carlos von der Heyde – Cleary Gottlieb Steen & Hamilton; Ignacio Lagos – Cleary Gottlieb Steen & Hamilton; Isa Julson Barahona – Cleary Gottlieb Steen & Hamilton; Jessica Batlle – Cleary Gottlieb Steen & Hamilton; Erika Nijenhuis – Cleary Gottlieb Steen & Hamilton; Anne Rhodes – Cleary Gottlieb Steen & Hamilton; Anthony Thomas Yanez – Cleary Gottlieb Steen & Hamilton;

Law Firms: Bruchou, Ferna?ndez Madero & Lombardi; Errecondo, Gonzalez & Funes ; Shearman & Sterling; Cleary Gottlieb Steen & Hamilton;

Clients: Citigroup Global Markets Ltd; Deutsche Bank Securities; HSBC; Republic of Argentina;

 

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Author: Ambrogio Visconti.