We advised the placement agents on the issuance of Additional Debt Securities by the Province of Mendoza for AR$69,054,048,000
On June 30, 2025, the Province of Mendoza issued: (i) Additional Class 1 TAMAR Debt Securities in the amount of Ps. 39,801,900,000, with maturity date of June 20, 2026; and (ii) Additional Class 2 TAMAR Debt Securities in the amount of Ps. 29,252,148,000, with maturity date of December 20, 2026. The transaction was a reopening of the Original Debt Securities issued on March 20, 2025. As a result, the aggregate principal amount of Debt Securities outstanding following the issuance of the Additional Debt Securities amounts to Ps. 125,826,077,000.
The Additional Debt Securities will accrue interest on a quarterly basis and are secured with resources derived from the Federal Tax Co-Participation Regime.
Banco de Galicia y Buenos Aires S.A., Macro Securities S.A.U., Max Capital S.A. and Puente Hnos S.A. acted as Placement Agents of the transaction.
Legal advisors to the Province
DLA Piper Argentina advised the Province of Mendoza through partner Justo Segura, associates Federico Vieyra and Mariana Carbajo and paralegal Iñaki Jordan.
Legal advisors to the Placement Agents
Bruchou & Funes de Rioja‘s Banking & Capital Markets Department advised Banco de Galicia y Buenos Aires S.A., Macro Securities S.A.U., Max Capital S.A. and Puente Hnos S.A., through partner Alejandro Perelsztein and associates Malena Tarrío, Facundo Suárez Loñ and Marco Haas.
