We advised the initial purchasers and the local placement agents on the international issuance of Debt Securities of the Province of Santa Fe for US$800,000,000
On December 11, 2025, the Province of Santa Fe successfully issued debt securities in an aggregate amount of USD 800,000,000, maturing in 2034 (the “Notes”). The Notes bear interest at a nominal annual rate of 8.100%, payable semiannually, with principal payable in four annual installments.
The net proceeds from the offering will be allocated entirely to finance public works projects related to productive, social and public security infrastructure.
The transaction marks the return of the Province of Santa Fe to the international capital markets after its 2017 issuance.
Santander US Capital Markets LLC and J.P. Morgan Securities LLC acted as initial purchasers.
Banco Santander Argentina S.A., Adcap Securities Argentina S.A., Allaria S.A., Balanz Capital Valores S.A.U., Facimex Valores S.A., One618 Financial Services S.A.U., Rosario Valores S.A., StoneX Securities S.A. and Puente Hnos. S.A. acted as local placement agents.
DLA Piper acted as legal counsel to the Province under New York law and Argentine law. The team was comprised of partners Joshua Kaufman and Marcelo Etchebarne, of counsel Nicolás Teijeiro, and associate Daiana Suk (New York law); and comprised of partner Justo Segura and associates Federico Vieyra and Mariana Carbajo (Argentine law).
A&O Shearman acted as counsel to the initial purchasers under New York law. The team was comprised of partner Alejandro Gordano, associate Gonzalo Robles, and visiting attorneys Moises Gonzalez Arroyo and Teresa Zuniga.
Bruchou & Funes de Rioja‘s Banking & Capital Markets Department acted as counsel to the initial purchasers and the local placement agents under Argentine law. The team was comprised of partner Alejandro Perelsztein and associates Ramón Augusto Poliche, Victoria Negro and Lucila Larrea.
Jones Walker acted as counsel to the Trustee through partner Scott Zander.
