We advised on the issuance of BST’s Notes for US$10,891,553 and AR$10,239,990,000
On January 15, 2026, Banco de Servicios y Transacciones S.A.U. (“BST”) successfully completed the issuance of its Series XXVI and Series XXVII simple notes, not convertible into shares, under its global note program for the issuance of simple (non-convertible into shares) notes for up to US$100,000,000 (or its equivalent in other currencies or units of value) (the “Notes”).
Series XXVI Notes were denominated, subscribed, and payable in U.S. Dollars in Argentina, at a fixed annual nominal interest rate of 7.00%, for a nominal value of US$10,891,553, maturing on January 15, 2027.
Series XXVII Notes were denominated, subscribed, and payable in Pesos, at a variable interest rate, for a nominal value of $10.239.990.000, maturing on January 15, 2027, with an applicable margin of 5.00%. The capital will be amortized in a single payment at maturity. Of this total amount, $8.939.990.000 were subscribed in cash and $1,300,000,000 were subscribed in kind through the delivery of Series XXII Notes.
In addition, the Notes have been rated “ML A-1.ar” by Moody’s Local AR Agente de Calificación de Riesgo S.A. and “A1(arg)” by FIX SCR S.A. (affiliated of Fitch Ratings). The Notes have been admitted for listing in Bolsas y Mercados Argentinos S.A. and authorized for trading in the A3 Mercados S.A.
BST acted as issuer, arranger, placement and settlement agent, and Invertironline S.A.U., ST Securities S.A.U., Puente Hnos S.A., Banco Patagonia S.A., Provincia Bursátil S.A., Schweber Securities S.A., Facimex Valores S.A., SBS Trading S.A., Nuevo Chaco Bursátil S.A. and Allaria S.A. acted as placement agents.
Bruchou & Funes de Rioja (Banking & Capital Markets Department) acted as deal counsel, through its team led by partner Leandro Exequiel Belusci, together with associates Marco Haas and Francisco Mendióroz.
