Bruchou & Funes de Rioja advises Banco de Valores’ $30M note issuance
Bruchou & Funes de Rioja has guided Banco de Valores (VALO) inaugural issuance of Class 1 notes. The issuance, valued at US$30 million, marks a significant milestone for VALO under its recently established global note issuance program with a ceiling of US$150 million.
The notes, denominated and payable in U.S. dollars, carry a fixed interest rate of 7.50% and are set to mature on March 11, 2027. They have received approval for listing on Bolsas y Mercados Argentinos and authorization for trading on A3 Mercados. Agente de Calificación de Riesgo has assigned the Notes a rating of “AA+(Arg)” with a stable outlook.
The legal team from Bruchou & Funes de Rioja advising VALO as the issuer was led by partner Hugo Bruzone (pictured), supported by associates Leandro Exequiel Belusci, Malena Tarrío, Teo Panich, and Marco Haas. The team advising the Placement Syndicate included partner José María Bazan and associates Ramón Augusto Poliche, Branko Serventich, and Lucía De Luca.
