Bomchil has advised Compañía General de Combustibles and Bruchou Fernández Madero & Lombardi has advised the arrangers and placement agents, in the issuance of the Notes Class 26 and Class 27 denominated in US dollars and payable in pesos at the applicable exchange rate of 0% and maturing in June 2025 for a total amount of $63,136,266 USD; and denominated in dollars and payable in dollars at an annual nominal fixed rate of 3.50% and maturing in June 2029 for a total amount of $76,863,734 respectively, for a total amount of $76,863,734 USD, respectively.
The issue took place on 7 June 2022 under the company’s Frequent Issuer Scheme.
The funds will be used for working capital, investments and general corporate purposes, as well as for the financing of a medium and long-term productive project in its assets in the Austral and Golfo de San Jorge basins in the Province of Santa Cruz, under its investment programme to develop natural gas reserves during the period 2022/2023.
Banco de Galicia y Buenos Aires, Industrial and Commercial Bank of China (Argentina) and Banco Santander Río acted as arrangers and underwriters. Meanwhile, Allaria Ledesma & Cía, AR Partners, BACS Banco de Crédito y Securitización, Balanz Capital Valores, Banco Mariva, Banco Hipotecario, Banco de la Provincia de Buenos Aires, Facimex Valores, Banco Itaú Argentina, Max Capital, Itaú Valores and TPCG Valores acted as placement agents.
The notes were authorised for listing on the Buenos Aires Stock Exchange and Markets and for trading on the Mercado Abierto Electrónico.
Bomchil’s team included partner Fermín Caride (pictured left) and associates María Victoria Tuculet, Luciano Zanutto and Delfina Ortega.
Bruchou’s team comprised partner José María Bazán (pictured right) and associates Leandro Belusci, Lucila Dorado and Josefina Mortola Saiach.