We advised Banco de Valores S.A. on the issuance of Notes for US$15,000,000

Bruchou & Funes de Rioja advised Banco de Valores S.A. (“VALO”), as issuer; VALO, Puente Hnos. S.A., Allaria S.A., Inviu S.A.U. and SBS Trading S.A., as arrangers and placement agents (the “Arrangers and Placement Agents”); and Cucchiara y Cía S.A., Schweber Securities S.A., S&C Inversiones S.A., Alchemy Valores S.A. and Adcap Securities Argentina 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 2 Notes in the aggregate principal amount of US$15,000,000, denominated and payable in U.S. dollars, at a fixed rate of 7.75%, maturing on September 5, 2026 (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 “ML A-1.ar” with a stable outlook by Moody’s Local AR Agente de Calificación de Riesgo S.A.

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 advised VALO, as the issuer, with a team led by Partners Hugo Bruzone and Leandro E. Belusci, and associates Teo Panich, and Marco Haas.

The team of Bruchou & Funes de Rioja advising the Placement Syndicate included partner José M. Bazán and associates Ramón Augusto Poliche, Branko Serventich, and Lucía De Luca.