Bruchou acts in new Tecpetrol issues
Bruchou & Funes de Rioja has advised the underwriters in the issuance of Tecpetrol’s Class 8 and 9 Notes, for an aggregate nominal value of US$147,972,284.
The Class 8 Notes denominated and payable in US dollars in Argentina were issued for a par value of US$67,430,342; and the Class 9 Notes, denominated and payable in US dollars in Argentina for a par value of US$80,541,942; both under its Programme for the Issue of Simple Negotiable Obligations (Non Convertible into Shares) for up to US$1,000,000,000 (or its equivalent in other currencies or units of measurement or value).
The Class 8 Notes are denominated in US Dollars, mature on 24 October 2027, and will bear interest at a fixed nominal rate of 5.00%. The Class 9 Notes are denominated in US dollars, mature on 24 October 2029, and will bear interest at a fixed nominal interest rate of 6.80%.
The Class 8 and 9 Notes have been authorised for listing on MAE and BYMA.
Banco Santander Argentina, Banco de Galicia y Buenos Aires and Balanz Capital Valores acted as underwriters.
Tecpetrol is a company engaged in the exploration, production, transportation and distribution of hydrocarbons, and the generation of electricity.
Fernando Moreno and Clara Sereday acted as advisors to Tecpetrol, through FINMA.
Bruchou’s team included partner Alejandro Perelsztein (pictured) and associates Leandro Exequiel Belusci, Sebastián Pereyra Pagiari and Gonzalo Javier Vilariño.
