DLA Piper assists in new issue of Treasury Bills of Chubut
DLA Piper Argentina has assisted the Province of Chubut in the issuance of Treasury Bills Series CIV Class 1 and Class 2 for a total face value of $3,103,474,000.
The issuance was made on June 21st under the Province’s Treasury Bills Issuance Programme.
The Treasury Bills Series CIV Class 1 and Class 2 were issued with maturity on July 25, 2023 and September 22, 2023, respectively, are fully redeemable on the maturity date of each one of them, and bear interest at the higher of: (i) a fixed annual nominal rate; and (ii) the result of the sum of the BADLAR rate plus a fixed margin determined in the bidding process.
Lorente & López advised Banco del Chubut, as arranger, underwriter and financial agent of the Province; while Martínez de Hoz & Rueda advised Puente Hnos, Banco de Servicios y Transacciones, Global Valores, Balanz Capital Valores, Banco Comafi, Banco Patagonia and Banco Hipotecario, as underwriters.
DLA Piper’s team was led by partner Justo Segura (pictured left), with support from associates Federico Vieyra, Marcelo Ra and paralegal Iñaki Jordan.
L&L’s team included partners Martín Rozental (pictured centre, left) and Ariel A. Di Bártolo (pictured centre, right), and associate Giselle Comesaña.
MHR was represented by partner José Martínez de Hoz —grandson— (pictured right) and associate Luisina Luchini.
