Bruchou on issuance of Crédito Directo Class XXII Notes
Bruchou & Funes de Rioja has advised on the issuance of Crédito Directo of its Class XXII Notes for a nominal amount of ARS $501,386,926.
The issuance was made under the Global Program for the Issuance of Negotiable Obligations for up to US$24,000,000 (or its equivalent in other currencies or units of value).
The Class XXII Notes have been admitted for listing on Bolsas y Mercados Argentinos (BYMA) and for trading on the Mercado Abierto Electrónico (MAE). Furthermore, Fix Argentina has rated the Class XXII Notes as “A3(arg)”.
Banco de Servicios y Transacciones acted as arranger and co-placement agent; and SBS Trading, Portfolio Investment, Invertir en Bolsa, Industrial Valores and Banco de la Provincia de Córdoba acted as co-placement agents.
Crédito Directo is dedicated to financial assistance to individuals through personal loans.
Bruchou’s team was led by partner José María Bazán (pictured), with support from associates Leandro Exequiel Belusci and Pedro María Azumendi.
