Bruchou and TCA assist in new issue of YPF Notes
Bruchou & Funes de Rioja has assisted YPF Energía Eléctrica and Tanoira Cassagne Abogados assisted the underwriters in the placement of YPF Energía Eléctrica’s Class XVI and XVII Notes.
The Class XVI Notes were issued for a nominal amount of US$97,521,007, denominated in US dollars and payable in pesos at the applicable exchange rate, at a fixed rate of 2%, maturing on 13 December 2025; while the Class XVII Notes were issued for a nominal amount of US$10,199,945, denominated and payable in US dollars, at a fixed rate of 5.90%, maturing on 13 June 2027.
The Notes were also listed on the Electronic Open Market (MAE) and were rated AAA(Arg) by FIX SCR Risk Rating Agent with a stable outlook.
Banco de Galicia y Buenos Aires, Banco Santander Argentina, Balanz Capital Valores, Allaria, Macro Securities, Banco Patagonia, Banco BBVA Argentina, Banco Comafi, SBS Trading, Industrial and Commercial Bank of China (Argentina), Banco Mariva, Max Capital, BNP Paribas Sucursal Buenos Aires, Industrial Valores, Facimex Valores, Puente Hnos, Banco de la Provincia de Buenos Aires, BACS Banco de Crédito y Securitización and Banco Hipotecario acted as underwriters.
YPF Luz is one of the main electricity generation companies in Argentina. It is mainly engaged in the production, marketing and development of electricity generation projects from renewable (wind and solar) and thermal (gas-based) sources.
Carlos Ariosa and José María Krasñansky acted as in-house counsels to YPF.
Bruchou’s team included partner José María Bazán (pictured left) and associates Leandro Belusci, Josefina Mortola Saiach and Malena Tarrío.
TCA’s team comprised partners Alexia Rosenthal (pictured centre, left), Jaime Uranga (pictured centre, right) and Ignacio Criado Díaz (pictured right) and associates Carolina Mercero and Stefania Lo Valvo.
