We advised the placement agents on the issuance of TAMAR Debt Securities by the Province of the Province of Mendoza for AR$56,772,029,000
On March 20, 2025, the Province of Mendoza issued: (i) Class 1 TAMAR Debt Securities in the amount of Ps. 32,952,029,000, maturity date of June 20, 2026; and (ii) Class 2 TAMAR Debt Securities in the amount of Ps. 23,820,000,000, with maturity date of December 20, 2026. Both Debt Securities were issued under the Prospectus dated March 14, 2025.
The Debt Securities will accrue interest on a quarterly basis and are secured with Federal Tax Co-Participation Regime resources.
The Province will use the net proceeds from the issuance of the Debt Securities to cancel debt amortization services provided in the 2025 Budget Law.
Banco de Galicia y Buenos Aires S.A.U., Macro Securities S.A.U., Max Capital S.A. and Puente Hnos S.A., acted as Placement Agents of the transaction.
Legal advisors to the Province
DLA Piper Argentina advised the Province of Mendoza through partner Justo Segura and associates Federico Vieyra and Mariana Carbajo.
Legal advisors to the Placement Agents
Bruchou & Funes de Rioja‘s Banking & Capital Markets advised Banco de Galicia y Buenos Aires S.A.U., Macro Securities S.A.U., Max Capital S.A. and Puente Hnos S.A., through partner Alejandro Perelsztein and associates Malena Tarrío, Facundo Suárez Loñ and Marco Haas.
