Hugo Nicolás Bruzone and José María Bazán

Bruchou in new issuance of Banco Macro Notes

Bruchou & Funes de Rioja has advised Banco Macro, as issuer, as well as the underwriters, in the successful placement of USD $53,000,000 par value Class F Notes at a fixed rate of 5.00%, maturing on October 31, 2024.

The proceeds of the placement will be used in accordance with the requirements of Section 36 of the Law N° 23.576 and other applicable laws and regulations in force in Argentina, for any of the following uses (i) investments in physical assets and capital goods located in the country, and/or (ii) the acquisition of goodwill located in the country, and/or (iii) the integration of working capital in the country, and/or (iv) the refinancing of liabilities, and/or (v) the integration of capital contributions in companies controlled by or related to the Issuer and/or the financing of its line of business, and/or (vi) the acquisition of equity interests and/or other potential uses contemplated in Art. 36 of the Law N° 23.576.

While its application is pending, the funds may be invested in high quality liquid financial instruments and in other short-term investments.

Macro Securities acted as arranger and underwriter; and Balanz Capital Valores, Invertir en Bolsa, and Facimex Valores as underwriters.

Bruchou’s team consisted of partners Hugo Nicolás Bruzone (pictured left) and José María Bazán (pictured right) and associates Lucila Dorado, Josefina Mortola Saiach and Sofía Maselli.

L Giselle Estrada