We acted as deal counsel in the issuance of Class XV Notes for $3,392,473,118 by Banco de Servicios y Transacciones S.A.
Buenos Aires, March 6, 2024. On February 26, 2024 Banco de Servicios y Transacciones S.A. (“BST”) issued series XV, simple, not convertible into shares, denominated and payable in Pesos at a variable interest rate, for a nominal value of $3,392,473.118 maturing on February 26, 2025, with an applicable margin of 2,00% (the “Series XV Notes”) under the Global Program for the Issuance of Notes up to US$30,000,000 (or its equivalent in other currencies or units of value)
In addition, whereas on the one hand Series XV Notes have been locally rated “ML A-2.ar” by Moody’s Local AR Agente de Calificación de Riesgo S.A, Fix Argentina has on the other hand rated the Series XV Notes as “A2(arg)”. The Series XV Notes have been admitted for listing in Bolsas y Mercados Argentinos S.A. and authorized for trading in the Mercado Abierto Electrónico S.A.
BST acted as issuer, arranger, placement and settlement agent, and Facimex Valores S.A., Industrial Valores S.A., SBS Trading S.A., Banco Supervielle S.A., Banco Patagonia S.A., Banco Mariva S.A., Puente Hnos S.A., Macro Securities S.A.U., Banco Hipotecario S.A. and Banco de Valores S.A. acted as placement agents.
Bruchou & Funes de Rioja acted as deal counsel, through its team led by partner José María Bazan together with associates Leandro Exequiel Belusci, Quimey Lia Waisten and Pedro María Azumendi.
