We advised on the issuance of secured Treasury Notes of the Province of Neuquén for US$99,310,474

New Deal - November 7, 2023

On October 19, the Province of Neuquén (the “Province”), has successfully issued the Treasury Notes Series I Class 1, denominated and payable in US Dollars (Dollar Hard) maturing on April 19, 2026, issued for a total aggregate amount of U$S 99,310,474 with a nominal annual fixed interest rate of 9.45%; under the Financing Program Law 3,389.

Banco Provincia del Neuquén S.A. acted as principal arranger, placement agent and calculation agent; Banco de Galicia y Buenos Aires S.A.U. and Macro Securities S.A.U. acted as co-arrangers and co-placement agents; and Adcap Securities Argentina S.A., Banco Patagonia S.A., Balanz Capital Valores S.A.U., Banco de Servicios y Transacciones S.A., Banco Comafi S.A., TPCG Valores S.A.U. and Cocos Capital S.A. acted as co-placement agents.

The Treasury Notes Series I Class 1 are secured through the fiduciary assignment of certain Oil Royalties paid to the Province, according to the security trust agreement executed by the Province, as issuer and trustor, and Banco Comafi S.A., as trustee.

Bruchou & Funes de Rioja advised the co-arrangers and co-placement agents, through partner Alejandro Perelsztein and associates Leandro E. Belusci, Manuel Etchevehere and Branko Serventich.

TCA Tanoira Cassagne advised the issuer, through a team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Juan Manuel Simó, Teófilo Trusso and Ana Lucía Miranda.