Bruchou counsels Crédito Directo on issuance of Class XVI Notes
Bruchou & Funes de Rioja has counselled Crédito Directo in the issuance of its Class XVI Notes for a par value of $396,524,000.
The issuance was made under the Global Program of Negotiable Obligations for up to US$24,000,000,000.
The Class XVI Notes were admitted for listing on Bolsas y Mercados Argentinos (BYMA) and for trading on the Mercado Abierto Electrónico (MAE). Fix Argentina rated the Obligaciones Negociables Class XVI as “A3(arg)”.
Banco de Servicios y Transacciones acted as arranger and co-placement, while Balanz Capital Valores, Macro Securities, Banco Mariva, SBS Trading and Banco de la Provincia de Córdoba acted as co-placement.
Crédito Directo provides financial assistance to individuals through personal loans.
Bruchou’s team was led by partner José María Bazán (pictured), assisted by associates Leandro Exequiel Belusci and Manuel Rodríguez Costi.
