We advised HSBC Securities (USA) Inc.., which acted as solicitation agent, in the restructuring of the Province of Entre Ríos ’s US$500 million 8.750% Notes due 2025 (2021).
We advised BofA Securities, Inc.., which acted as consent solicitation agent, on the successful restructuring of the Province of Salta ‘s US$350 million outstanding notes (2021).
We advised UBS Securities LLC, as consent solicitation agent, in the restructuring of US$650 million principal amount of outstanding notes issued by the Province of Chubut in the international capital markets (2020).
We advised Santander Investment Securities Inc., , which acted as solicitation agent,, in the restructuring of debt issued by the City de Córdoba under foreign law for an aggregate amount of US$150 million (2020).
We advised BofA Securities, Inc. y UBS Securities LLC Inc., ., which acted as consent solicitation agents, on the successful restructuring of US$300 million principal amount of outstanding notes by the Province of Río Negro (2020).
We advised Citigroup Global Markets Inc., which acted as consent solicitation agent, on the successful restructuring of approximately US$683 million principal amount of outstanding notes by the Province of Neuquén (2020).
We acted as sole Argentine legal counsel in the restructuring and exchange of debt issued by the Republic of Argentina under foreign law for an aggregate amount of US$66 billion (2020).
We advised Banco de la Ciudad de Buenos Aires, Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., HSBC Bank Argentina S.A., Max Valores S.A. and TPCG Valores S.A.U. acted as placement agents of the Additional Notes in the City of Buenos Aires local offering of AR$11,587,500,000 floating rate public debt series 22 additional notes due 2024 (2020).
We advised Banco Provincia del Neuquén S.A. ., acted as principal arranger and placement agent and collateral agent; Banco de Galicia y Buenos Aires S.A.U. and Banco Macro S.A. . acted as co-arrangers; and Banco de Galicia y Buenos Aires S.A.U., Macro Securities S.A., AdCap Securities Argentina S.A., Banco Patagonia S.A., Balanz Capital Valores S.A.U., Banco de Servicios y Transacciones S.A. and Compañía Financiera Argentina S.A. acted as joint placement agents on the issuance and exchange of medium term secured Treasury Notes of the Province of Neuquén for an amount of US$48.130.213 and AR$1.570.477.137 (2020).
We advised Banco Patagonia S.A. acted as principal arranger and placement agent, TPCG Valores S.A.U. . acted as arranger and Banco de Galicia y Buenos Aires S.A.U., Banco de Servicios y Transacciones S.A., Allaria Ledesma & Cía. S.A., AdCap Securities Argentina S.A. and Compañía Financiera Argentina S.A. acted as sub- placement agents, in the Province of Río Negro notes issuance for an aggregate amount of AR$ 1,554,333,313. 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 (2020).
Banco Provincia del Neuquén S.A. acted as principal arranger and placement agent. Banco de Galicia y Buenos Aires S.A.U. and Banco Macro S.A. acted as co- arrangers and Banco de Galicia y Buenos Aires S.A.U., Macro Securities S.A. and AdCap Securities Argentina S.A. acted as co- placement agents in the issuance of second series of the Short-Term Notes for an aggregate amount of AR$ 937,766,000 of the The Province of Neuquén, under the Province’s Global Short-Term Notes Program due on 2020, within the aggregate amount of AR$ 6,000,000,000 (2020).
Balanz Capital Valores S.A.U., Banco de Galicia y Buenos Aires S.A.U., Banco Itaú Argentina S.A., TPCG Valores S.A. and Banco Ciudad de Buenos Aires acted as placement agents of the Additional Notes in the issuance of AR$6,250,000,000 floating rate public debt series 20 additional notes due 2022 of the City of Buenos Aires, under its Domestic Market Financing Programme for up to US$3,557,955,359.01 (2019).
Credit Suisse Securities LLC, as arranger, Credit Suisse AG and London Branch, as administrative agent, and Credit Suisse AG, Cayman Islands Branch, as lender in the US$100 million loan upsize granted to the Province of Neuquén for up to a total amount of US$ 215 million (2019).
Citicorp Capital Markets S.A., Banco Itaú Argentina S.A. and HSBC Bank Argentina S.A., as initial purchasers, and Banco de la Provincia de Buenos Aires, Banco de Galicia y Buenos Aires S.A., Banco Itaú Argentina S.A., Citicorp Capital Markets S.A., and HSBC Bank Argentina S.A., as local placement agents, in the AR$ 30 billion (approximately US$ 1.5 billion) bond issuance of the Province of Buenos Aires. Citigroup Global Markets Inc., Itau BBA USA Securities, Inc. and HSBC Securities Inc. served as international purchasers for the international portion of the offering (2018).
Citigroup Global Markets Inc., Deutsche Bank Securities Inc and HSBC Securities (USA) Inc. as joint bookrunners in the bond issuance of the Republic of Argentina for a total amount of US$ 9 billion. This transaction was registered with the SEC (2018).
The Province of La Rioja, as issuer, in the reopening of 9.750% notes due 2025 for an additional amount of US$ 100 million in the international capital markets. UBS Securities LLC, acted as initial purchaser, Banco Voii S.A. and Puente Hnos. S.A. acted as local placement agents (2017).
HSBC Securities (USA) Inc. as initial purchaser, Banco de Galicia y Buenos Aires S.A., HSBC Bank Argentina S.A., Banco Macro S.A., Banco de la Ciudad de Buenos Aires and Macro Securities S.A. as local placement agents of the international and local offering of AR$ 7,063,908,125 (approximately US$ 400 million) floating rate public debt notes due 2028 of the City of Buenos Aires. Simultaneously; the banks acted as dealer managers in the local tender offer for AR$ 6,713,463,596.91 (approximately US$ 380 million) of series 3, 4, 5, 6, 14, 15, 16, 18 and 19 of the City of Buenos Aires outstanding public debt notes (2017).
Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Santander Investment Securities Inc. acted as initial purchasers in the reopening of the Province of Entre Ríos´ 8.750% notes due 2025 for an additional amount of US$150 million (2017).
Sole Argentine Counsel to Banco Bilbao Vizcaya Argentaria, Citigroup Global Markets and Banco Santander, as joint bookrunners, in the € 2.75 billion international bond issuance of the Republic of Argentina (approximately US$ 3.3 billion). This transaction marks Argentina’s first SEC-registered primary offering since its return to the capital markets in 2016 (2017).
Deutsche Bank AG, London Branch, HSBC Bank Argentina S.A., Santander Río Valores S.A., as initial purchasers, and Deutsche Bank AG, London Branch, Banco Santander S.A. and HSBC Securities (USA) Inc., as international purchasers, in the € 500 million international bond issuance of the Province ofBuenos Aires (approximately US$ 590 million) (2017).
Sole Argentine Counsel to Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Santander Investment Securities Inc. and Nomura Securities International Inc., as joint bookrunners, in the first 100 year bond issuance of the Republic of Argentina for a total amount of US$ 2.75 billion (2017).
BBVA Securities Inc., Santander Investment Securities Inc. and HSBC Securities (USA) Inc., as international purchasers, BBVA Banco Francés S.A., Banco Santander Río S.A. and HSBC Bank Argentina S.A., as initial purchasers and BBVA Banco Francés S.A., Banco de la Provincia de Buenos Aires, Banco de Galicia y Buenos Aires S.A., Banco Santander Río S.A. and HSBC Bank Argentina S.A., as local placement agents in the AR$ 15.2 billion (approximately US$ 949 million) local notes issuance by the Province of Buenos Aires, placed locally and internationally in accordance with Rule 144A and Regulation S of the US Securities Law. This is the first issuance by the province governed by Argentine law, placed locally and internationally and denominated in Argentine pesos (2017).
The Province of Neuquén, as issuer, in the US$ 366 million notes issuance in the international capital markets. Citigroup Global Markets Inc. and Santander Investment Securities Inc. acted as initial purchasers, and U.S. Bank National Association acted as trustee, paying agent, transfer agent and registrar (2017).
The Province of Tierra del Fuego, Antártida e Islas del Atlántico Sur, as issuer, in the US$ 200 million notes issuance in the international capital markets. The Province intends to use the net proceeds obtained from the offering for development of certain infrastructure projects in the Province. UBS Securities LLC acted as joint lead manager and initial purchaser, and Puente Hnos. S.A. acted as joint lead manager and Argentine placement agent (2017).
JPMorgan, as Global Coordinator and Joint Bookrunner, Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., as Joint Bookrunners, in the 7% US$ 250 million international notes issuance by the Province of Santa Fe (2017).
The Province of La Rioja, as issuer, in the US$ 200 million notes issuance in the international capital markets for the first time in its history. The Province intends to use net proceeds from the offering mainly to invest in the development of Parque Arauco SAPEM’s renewable energy projects and other projects expected to have a positive environmental impact. The notes were issued following the 2016 Green Bond Principles. UBS Securities LLC, acted as initial purchaser, Banco Voii S.A. and Puente Hnos. S.A. acted as local placement agents (2017).
BBVA Securities Inc., BNP Paribas Securities Corp. and J.P. Morgan Securities LLC, as international purchasers, and BBVA Banco Francés S.A., BNP PARIBAS Sucursal Buenos Aires and JP Morgan Chase Bank N.A. Sucursal Buenos Aires, as initial purchasers in Argentina, in the US$ 1.5 billion international notes issuance by the Province of Buenos Aires (2017).
Banco Provincia del Neuquén S.A., as arranger and dealer manager, Banco Macro S.A., as co-arranger, Banco de Galicia y Buenos Aires S.A., as co-arranger and co-placement agent, and Macro Securities S.A., as co-placement agent, in the issuance of secured treasury notes of the Province of Neuquén for an aggregate amount of $ 1.912.004.444 (US$ 123,534,607.13 million) (2017).
Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Santander Investment Securities Inc., as initial purchasers, in the issuance of bonds by the Province of Entre Ríos, for a total amount of US$ 350 million (2017).
Sole Argentine Counsel to BBVA Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Santander Investment Securities Inc., as joint bookrunners, in the US$ 7 billion bond issuance of the Republic of Argentina (2017).
JPMorgan, as Global Coordinator and Joint Bookrunner, Citi and HSBC, as Joint Bookrunners, in the 6.9% US$ 250 million international notes issuance by the Province of Santa Fe (2016).
Sole Argentine Counsel to Banco Bilbao Vizcaya Argentaria S.A., BNP Paribas and Credit Suisse Securities (Europe) Limited, as initial purchasers, in the € 2.5 billion (approximately US$ 2.73 billion) bond issuance of the Republic of Argentina (2016).
BBVA, HSBC and Merrill Lynch, as initial purchasers, in the US$ 750 million international notes issuance by the Province of Buenos Aires (2016).
Santander Investment Securities Inc., as Sole Dealer Manager, in the international issuance of bonds by the City of Cordoba for an aggregate amount of US$ 150 million, being the first municipality of the Republic of Argentina to access the international capital markets in the last 15 years (2016).
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., as joint book-running managers and initials purchasers, and Banco Macro S.A., as arranger and local placement agent, in the international issuance of bonds by the Province of Salta for an amount of US$ 300 million (2016).
Sole Argentine Counsel to Credit Suisse, Deustche Bank, Bank of America Merrill Lynch and Morgan Stanley, as initial purchasers, in the US$ 2.75 billion bond issuance of the Republic of Argentina (2016).
Citibank, HSBC Bank and Banco Santander, as initial purchasers, in the US$ 1 billion international notes issuance by the Province of Buenos Aires (2016).
Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and HSBC Securities (USA) Inc., as international purchasers and dealer managers, in the issuance of bonds by the City of Buenos Aires for an amount of US$ 890 million due in 2027, of which approximately US$ 258 million were tendered for debt securities due in 2017 (2016).
Banco de Galicia y Buenos Aires S.A., Banco Santander Río S.A. and BBVA Banco Francés S.A. -as placement agents-, in the issuance of bonds by the City of Buenos Aires for an amount of AR$ 2,069 million (approximately US$ 144.7 million) issued under the Financing Program in the Local Market (2016).
Puente Hnos S.A. and Banco de Servicios y Transacciones S.A. -as placement agents-, in the issuance of bonds by the City of Buenos Aires for an amount of AR$ 948 million (approximately US$ 66.3 million) issued under the Financing Program in the Local Market (2016).
Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC -as Initial Purchasers and Dealer Managers-, and Banco de Galicia y Buenos Aires S.A., Banco Macro S.A. and Puente Hnos S.A. -as Local Placement Agents and Local Dealer Managers-, in the issuance of Public Debt Cancellation Bonds in the international capital markets by the Province of Neuquén for an aggregate principal amount of approximately US$ 349 million (US$ 235 million from the initial issuance of Public Debt Cancellation Bonds, and approximately US$ 114 million from the exchange of Secured Notes for additional Public Debt Cancellation Bonds), secured by hydrocarbon royalties. Deutsche Bank Trust Company Americas acted as the indenture trustee (2016).
Sole Argentine counsel to the syndicate of international banks that allowed the Argentine Central Bank (BCRA) to increase the level of its international monetary reserves. The transaction consisted a series of repurchase agreements of Bonar 2022, Bonar 2025 and Bonar 2027 bonds in the BCRA portfolio for an aggregate amount of US$ 5 billion for the purpose of bolstering foreign reserves and facilitating the BCRA’s capacity to confront external shocks and, thereby, avoid disruption in the local market (2016).
Deustche Bank, HSBC Bank USA, JP Morgan, Santander, BBVA, UBS and Citibank, as initial purchasers, in the US$ 16.5 billion bond issuance of the Republic of Argentina, the largest ever bond issuance by an emerging market economy, giving an end to Argentina’s 15 years of default (2016).
Citibank, HSBC and JP Morgan, as purchasers, in the international issuance of bonds by the Province of Buenos Aires for an aggregate amount of approximately US$ 1.25 billion (2016).
The Province of Salta as issuer, Banco Macro S.A. as arranger and Macro Securities S.A. as placement agent, in the issuance of Series 1 and Series 2 of treasury bills of the Province of Salta for an aggregate amount of AR$ 550 million (approximately US$ 39 million) issued under the AR$ 550 million (or its equivalent in US dollars) Treasury Bills Issuance Program of the Province of Salta (2016).
The Province of Salta as issuer, Banco Macro S.A. as arranger and Macro Securities S.A. as placement agent, in the issuance of Series 1 of treasury bills of the Province of Salta for an aggregate amount of AR$ 449.3 million (approximately US$ 46.8 million) issued under the AR$ 450 million (or its equivalent in US dollars) Treasury Bills Issuance Program of the Province of Salta (2015).
BNP Paribas Securities Corp. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as international purchasers and dealer managers, and BNP Paribas Sucursal Buenos Aires and Merrill Lynch Argentina S.A., as initial purchasers, in the issuance of bonds by the Province of Buenos Aires for an aggregate amount of approximately US$ 899.5 million due in 2021, of which approximately US$ 399.5 million corresponded to the exchange of debt securities due in 2015 (2015).
BofA Merrill Lynch, HSBC and J.P. Morgan -as Joint Book-Runners-, in the issuance of bonds by the City of Buenos Aires for an aggregate amount of US$ 500 million issued under the US$ 2,290,000,000 Medium-Term Note Programme (2015).
Banco Macro S.A. -as arranger and trustee- and Macro Securities S.A. -as placement agent-, in the issuance of bonds by the Province of Salta for an aggregate amount of AR$ 250 million (approximately US$ 28.1 million) issued under the AR$ 650 million Notes Issuance Program (Programa de Emisión de Títulos de Deuda) (or its equivalent in US dollars) (2015).
China Development Bank Corporation and Industrial and Commercial Bank of China Limited in a credit facility agreement for an amount of up to US$ 2,099,965,834 entered into with The Ministry of Economy and Public Finance of the Republic of Argentina (Ministerio de Economía y Finanzas Públicas de la República Argentina) on behalf of the Republic of Argentina, and China Export & Credit Insurance Corporation (SINOSURE), with the purpose of financing a rehabilitation project of the Belgrano Cargas railway line by financing direct payments in the course of a commercial contract between The Ministry of the Interior and Transport of the Republic of Argentina (Ministerio del Interior y Transporte de la República Argentina) and China Machinery Engineering Corporation (2014).
Legal counsel to a syndicate of Chinese banks lead by China Development Bank Corporation and composed by Bank of China Limited and ICBC (Industrial and Commercial Bank of China Limited) in a US$ 4,714,350,000 15-year loan granted to the Republic Argentina for the construction of hydroelectric dams in the Province of Santa Cruz, secured by security assignments of funds under power purchase agreements and security assignments of certain insurance policies (2014).
Deutsche Bank S.A. -as trustee-, in the issuance of bonds by the Province of Entre Ríos for an aggregate amount of US$63.7 million issued under the AR$900 million Notes Issuance Program (Programa de Emisión de Títulos de Deuda) (2013).
Puente Hnos. S.A. Sociedad de Bolsa -as co-placement agent-, in the issuance of bonds by the Province of Buenos Aires for an amount of US$200 million under its Public Debt Issuance Program in the local Capital Markets for up to US$250 million. Banco de la Provincia de Buenos Aires acted as arranger and dealer manager of the transaction (2013).
Deutsche Bank S.A. -as trustee-, in the issuance of bonds by the Province of Entre Ríos for an aggregate amount of US$89 million issued under the AR$900 million Notes Issuance Program (Programa de Emisión de Títulos de Deuda) (2013).
Banco Macro S.A., Banco de Galicia y Buenos Aires S.A. and HSBC Bank Argentina S.A. -as arrangers and placement agents-, in the issuance of bonds by the Province of Mendoza for an aggregate amount of US$94.6 million -subscribed and payable in Pesos- issued under the AR$1.263 billion Notes Issuance Program (Programa de Emisión de Títulos de Deuda) (2013).
Puente Hnos. Sociedad de Bolsa S.A. -as placement agent-, in the issuance of bonds by the city of Buenos Aires for an aggregate amount of US$216 million issued under the US$501 million Program for Local Market Financing (Programa de Financiamiento en el Mercado Local) (2013).
Banco de la Provincia del Neuquén -as arranger and leading placement agent- and Banco de Galicia y Buenos Aires S.A. and Puente Hnos Sociedad de Bolsa S.A. -as placement agents-, in the issuance of bonds by the Province of Neuquén for an aggregate amount of US$99.2 million (2012).
Puente Hnos Sociedad de Bolsa S.A. and Banco Macro S.A. -as co-arrangers-, The Bank of New York Mellon -as trustee- and Barclays Bank PLC, BTG Pactual US Capital LLC, Citigroup Global Markets Inc., Citigroup Global Markets Limited -as co-placement agents-, in the issuance of bonds by the city of Buenos Aires for an aggregate amount of US$415 million issued under its medium term note programme (2012).
Puente Hnos Sociedad de Bolsa S.A. -as co-placement agent-, in the issuance of bonds by the Province of Buenos Aires for an approximate amount of US$50 million under its Public Debt Issuance Program in the local Capital Markets for up to US$250 million. Banco de la Provincia de Buenos Aires acted as arranger and dealer manager of the transaction (2012).
Citigroup Global Markets Inc. -as the Initial Purchaser and Joint Lead Manager of the Notes-, Banco Macro S.A. -as Joint Lead Manager, Argentine Collateral Agent and Paying Agent- and Citibank N.A. -as Trustee, Registrar, Principal Paying Agent and Transfer Agent in United States-, in the issuance of 9.5% secured, amortizing notes by the Province of Salta for an aggregate amount of US$185 million (2012).
Puente Hnos Sociedad de Bolsa S.A. -as placement agent-, The Bank of New York Mellon -as trustee and principal paying agent- and Banco de la Ciudad de Buenos Aires -as paying and transfer agent in Argentina-, in the issuance of bonds by the city of Buenos Aires for an aggregate amount of US$85 million issued under its medium term note programme (2011).
Barclays Capital Inc. and Citigroup Global Markets Inc. -as initial purchasers-, Citibank N.A. -as trustee, registrar and the U.S. principal paying agent and transfer agent-, Banco Macro S.A. and Puente Hnos. Sociedad de Bolsa S.A. -as co-managers- and the Branch of Citibank N.A., established in the Republic of Argentina -as co-registrar, co-paying agent and trustee representative in Argentina, and Argentine collateral trustee-, in the international issuance of bonds by the Province of Neuquén for an aggregate amount of US$260 million (2011).
Asesoramiento a Empresa Provincial de Energía de Córdoba (“EPEC”), una entidad autárquica de la Provincia de Córdoba, en la emisión de Títulos de Deuda a tasa fija con vencimiento a 8 años por la suma de U$S565.000.000 a una tasa fija del 12,5%. La misma representó la primera emisión en Dólares de una entidad autárquica en la Provincia de Córdoba. Los Títulos de Deuda se encuentran garantizados mediante la cesión de, entre otros: (i) los recursos que la Provincia de Córdoba tiene derecho a percibir del Gobierno Nacional en concepto de coparticipación federal de impuestos conforme al Régimen de Coparticipación Federal de Impuestos regido por la Ley N° 23.548 y sus modificatorias y complementarias, (ii) los derechos de cobro de EPEC bajo un contrato de abastecimiento de energía celebrado entre EPEC y la Compañía Administradora del Mercado Mayorista Eléctrico S.A., y (iii) un aval a ser otorgado por el Banco de la Provincia de Córdoba S.A. (2011).
Merrill Lynch Argentina S.A. and Deutsche Securities Sociedad de Bolsa S.A., as initial purchasers, in the Province of Buenos Aires‘ US$550 million international bond issuance (2010).
The Province of Córdoba in its first public debt issuance in the international capital markets for an aggregate principal amount of US$400 million. Citigroup Global Markets Inc. and UBS Securities LLC acted as initial purchasers (2010).
Credit Suisse Securities (USA) LLC, as lead arranger, dealer and structuring agent, in the city of Buenos Aires‘ US$50 million international bond issuance (Series 7) and its US$475 million international bond issuance (Series 8) of five-year notes under its US$1.4 billion medium term note programme (2009-2010).
Banco de la Provincia de Córdoba S.A., as underwriter of bonds issued by the Province of Córdoba in its first public bond issuance, for a total amount of US$150 million under the US$500 million Public Securities Issuance Provincial Program (2009).
Barclays Capital and Deutsche Securities, as international placement agents, in the issuance of bonds by the Province of Buenos Aires for an aggregate amount of US$400 million (2007).
Citigroup Global Markets Inc., Citibank N.A. and Citibank N.A. (Argentina) in the US$250 million initial issue and reopening of Provincia del Neuquen‘s debt offering (2007).
Citigroup Global Markets Inc., Citibank N.A. and Citibank N.A. (Argentina) in the US$125 million secured, amortizing bond issued by Provincia del Neuquén (2006).
Merrill Lynch Argentina S.A., as initial purchaser, in the Province of Buenos Aires‘ US$475 million international bond issuance of notes (2006).
Sole Argentine counsel to the dealer managers in the US$88 billion sovereign debt restructuring of the Republic of Argentina, the until then biggest financial restructuring in the history of the financial markets (2005).