Bruchou acts in placement of Tecpetrol Class 6 Notes
Bruchou & Funes de Rioja acted as advisor to the underwriters in the placement of Class 6 Notes of Tecpetrol for a par value of $21,137,875,000.
The Class 6 Notes were issued under the Program for the Issuance of Simple Negotiable Obligations (Non-Convertible into Shares) for up to US$1,000,000,000 (or its equivalent in other currencies). In addition, the Class 6 Notes are denominated in pesos, mature on 13 January 2025, and will bear interest at a floating nominal interest rate equivalent to the BADLAR Rate plus a margin of 3%.
The Class 6 Notes have been authorised for listing on MAE and BYMA.
Banco de Galicia y Buenos Aires, and Banco Santander Argentina acted as arrangers and placement agents; while Balanz Capital Valores, TPCG Valores and Banco Patagonia 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 of FINMA acted as advisors to Tecpetrol.
Bruchou’s team comprised partner Alejandro Perelsztein (pictured) and associates Leandro Exequiel Belusci, Facundo Suárez Loñ and Teo Panich.
