Fermín Caride and José María Bazán

Bomchil and Bruchou assist in issuance of $140m by Compañía General de Combustibles

Bomchil has assisted Compañía General de Combustibles; while Bruchou Fernández Madero & Lombardi has assisted the arrangers and underwriters and the placement agents, in the issuance of Class 26 and Class 27 Negotiable Obligations denominated in dollars and payable in pesos at the applicable exchange rate of 0% and maturing in June 2025 for $63,136,266 dollars; and denominated in dollars and payable in dollars at a nominal annual fixed rate of 3.50% and maturing in June 2029 for $76,863,734 dollars, respectively.

The issuance was made under the company’s Frequent Issuer Regime as of 7 June.

The proceeds of the Class 26 Notes will be used for working capital, investments and general corporate purposes, while the proceeds of the Class 27 Notes are intended to finance a medium and long-term production 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 placement agents; while 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 was led by partner José María Bazán (pictured right), with support from associates Leandro Belusci, Lucila Dorado and Josefina Mortola Saiach.

Bomchil and Bruchou assist in issuance of $140m by Compañía General de Combustibles

L Giselle Estrada

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