The City of Buenos Aires successfully completed the local offering

Bruchou & Funes de Rioja - August 26, 2020

The City of Buenos Aires (the “City”), successfully issued AR$11,587,500,000 floating rate public debt series 22 additional notes due 2024 (the “Additional Notes”) under its Domestic Market Financing Programme for up to US$3,857,376,304.18. The New Notes were issued on August 20, 2020.

Investors were able to exchange short-term notes of the City due on August 5, 2020 and due on October 15, 2020, for Additional Notes.

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. y TPCG Valores S.A.U. acted as placement agents of the Additional Notes.

Placement Agents

Bruchou Fernández Madero & Lombardi acted as counsel to the placement agent through a team lead by partner Alejandro Perelsztein and associates Juan Barros Moss and Santiago Duhalde.

The City

Muñoz de Toro Abogados acted as counsel to the City through a team led by partners Ricardo Muñoz de Toro and Laura Gomes and associates Guillermina Muñoz de Toro and Evelyn Rivas.