We advised YPF Luz in the issuance of Notes for US$29,331,125
Bruchou & Funes de Rioja advised YPF Energía Eléctrica S.A. (“YPF Luz”) and TCA Tanoira Cassagne advised Macro Securities S.A.U., Banco Santander Argentina S.A., Banco de Galicia y Buenos Aires S.A.U., Balanz Capital Valores S.A.U., Allaria S.A., SBS Trading S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco Mariva S.A., Banco de Servicios y Transacciones S.A., TPCG Valores S.A.U., Banco de la Provincia de Buenos Aires, BACS Banco de Crédito y Securitización S.A. and Banco Hipotecario S.A., as placement agents (together, the “Placement Agents”), in the successful issuance of the Class XIV Notes for an amount of US$18,043,469 (Dollars eighteen million forty-three thousand four hundred sixty-nine), denominated in U.S. Dollars and payable in Argentine Pesos at the applicable exchange rate, with a fixed rate of 3%, maturing on February 27, 2027 (the “Class XIV Notes”) and the Class XV Notes for an amount of US$11,287,656 (Dollars eleven million two hundred eighty-seven thousand six hundred fifty-six), denominated and payable in U.S. Dollars, with a fixed rate of 6%, maturing on February 27, 2027 (the “Class XV Notes”, and together with the Class XIV Notes, the “Notes”). The Notes were listed on the Mercado Abierto Electrónico S.A. (“MAE”) and were rated AAA(Arg) by FIX SCR S.A. Agente de Calificación de Riesgo with a stable outlook.
YPF Luz is one of the main electric power generation companies in Argentina, mainly engaged in the production, commercialization and development of electric power generation projects from renewable (wind and solar) and thermal (gas powered) sources.
Legal counsel to YPF Luz
Bruchou & Funes de Rioja‘s Banking & Capital Markets Department through a team led by partner José María Bazán and associates Leandro Belusci, Josefina Mortola Saiach and Malena Tarrío.
In-house Legal advisors of YPF Energía Eléctrica S.A.: Carlos Ariosa and José María Krasñansky.
Legal counsel to the Placement Agents
TCA Tanoira Cassagne: Partners Alexia Rosenthal, Jaime Uranga, Ignacio Criado Díaz and associates Lucia Viboud Aramendi, Carolina Mercero and Stefania Lo Valvo.
