Bruchou advise on a new issuance of notes by the Province of Río Negro

Bruchou & Funes de Rioja - July 6, 2021
[vc_row][vc_column][vc_column_text]Province of Río Negro (the “Province”) has successfully issued notes “BONO RÍO NEGRO 2021 SERIE II” due on July 20, 2022 for an aggregate amount of AR$ 1.549.110.610, and accruing a floating interest rate equal to the Badlar rate plus a 8% margin, (the “Notes”), under the Province’s Program “Programa de Emisión de Títulos Públicos Provinciales 2021” within the aggregate amount of pesos five billion ($5.000.000.000) (the “Program”). Payments due under the Notes will be guaranteed by an assignment of the Province´s rights over the funds or any other payment under the Federal Tax Co-Participation Regime, or the one replacing it in the future. The issuance date of the Notes was on July 6, 2021.

Banco Patagonia S.A. acted as arranger and placement agent; Banco de Servicios y Transacciones S.A., Compañía Financiera Argentina S.A. and Banco Comafi S.A. acted as sub-placement agents.

Legal advisor of the principal arranger and placement agent and sub-placement agents:

Bruchou, Fernández Madero & Lombardi

Partner Perelsztein, Alejandro and associates Dorado, Lucila and Calderale, Delfina.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title=”

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