José María Bazán

Bruchou acts in new issue of ASPRO Servicios Petroleros

Bruchou & Funes de Rioja has advised on the entry of ASPRO Servicios Petroleros to the Guaranteed CVN SME Public Offering Regime, as well as on the inaugural placement of the Series I Class II Notes.

The Series I Class II Notes were issued on 25 July for a nominal value of US $2,237,219, with an annual nominal rate of 0.00%, maturing on 25 July 2026. The Notes are also guaranteed by Banco de Servicios y Transacciones for fifty per cent (50%) and by Banco CMF for another fifty per cent (50%), companies authorised to act as Guarantee Entities by the National Securities Commission.

Banco CMF, Banco de Servicios y Transacciones, and Macro Securities acted as arrangers and underwriters, and were also advised by the firm.

ASPRO Servicios Petroleros rents and commercialises compression systems for all types of gases, with application in the CNG/NGV field, Oil and Gas fields, and in other industrial applications.

Bruchou’s team was led by partner José María Bazán (pictured) together with associates Manuel Etchevehere and Pedro María Azumendi.

L Giselle Estrada