On August 26th, 2020, Genneia S.A. (“Genneia”) issued Notes for a nominal value equivalent to US$40 million: Class XXVIII Notes and Class XXIX Notes, both denominated in US Dollars and subscribed (a) in Argentine Pesos or (b) in kind with Class XVIII Notes, and payable in Argentine Pesos at the exchange rate established in the offering documents (dollar-linked) (the “Notes”). The issuance was carried out under the company’s global program of up to US$800 million (or its equivalent in other currencies and/or units of value).
Class XXVIII Notes’ will be due on February 28th, 2022. They will accrue no interest since the bidding process resulted in a fixed nominal annual rate of 0%; they will amortize the capital in one single payment on the due date.
Class XXIX Notes’ will be due on August 28th, 2023, accruing interest at an annual fixed rate of 2%, amortizing the capital in one single payment on the due date.
The Notes are listed in Bolsas y Mercados Argentinos S.A. and Mercado Abierto Electrónico S.A. FIX SCR S.A. rated the Notes A- (arg).
ACS Banco de Crédito y Securitización S.A., Balanz Capital Valores S.A.U., Banco Hipotecario, Banco Macro S.A., Banco Patagonia and Macro Securities S.A. acted as placement agents.
Deal Counsel:
Bruchou, Fernández Madero & Lombardi: team led by José María Bazán, assisted by Cristian Ragucci and Santiago Duhalde.
In-house counsel: Eduardo Segura and Matías Fraga.
