We acted as deal counsel in Banco de Valores’ inaugural issuance of Notes for US$ 30,000,000

Bruchou & Funes de Rioja advised Banco de Valores S.A. (“VALO”), as issuer; VALO, Puente Hnos. S.A., Balanz Capital Valores S.A.U., and Allaria S.A. as arrangers and placement agents (the “Arrangers and Placement Agents”); and Industrial Valores S.A., Invertironline S.A.U., Inviu S.A.U., GMC Valores S.A., Schweber Securities S.A., Cono Sur Inversiones S.A., and S&C Inversiones S.A. as placement agents (the “Placement Agents” and, together with the Arrangers and Placement Agents, the “Placement Syndicate”) in the successful issuance of Class 1 Notes in the aggregate principal amount of US$30,000,000, denominated and payable in U.S. dollars, at a fixed rate of 7.50%, maturing on March 11, 2027 (the “Notes”). The Notes were issued under the recently created global note issuance program for an aggregate principal amount of up to US$150,000,000 (or its equivalent in other currencies and/or units of measure or value) (the “Program”).

The Notes have been approved for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on A3 Mercados S.A. Additionally, they have been rated “AA+(Arg)” with a stable outlook by FIX SCR S.A. Agente de Calificación de Riesgo.

VALO is a key player in the development of the Argentine capital market, providing specialized financial solutions through its role as trustee and custodian of mutual funds. With a strategic vision for expansion, the entity continues to strengthen its leadership with the recent authorization of its Program, driving new opportunities for investors and companies.

Bruchou & Funes de Rioja‘s Banking & Capital Markets team advised VALO, as the issuer, with a team led by Partner Hugo Bruzone and associates Leandro Exequiel Belusci, Malena Tarrío, Teo Panich, and Marco Haas. The team advising the Placement Syndicate included partner José María Bazán and associates Ramón Augusto Poliche, Branko Serventich, and Lucía De Luca.