Multiple firms advise on Neuquén notes issue
The Province of Neuquén, a province of the Republic of Argentina, issued US$500,000,000 in Notes due 2034 in the international capital markets. The Notes, issued under the Program for the Financing of Infrastructure and Debt Repayment of Neuquén, bear interest at a rate of 7.350% per annum.
J.P. Morgan Securities, Santander US Capital Markets and Balanz Capital UK acted as initial purchasers in connection with the issuance. Banco Santander Argentina and Balanz Capital Valores acted as Argentine placement agents for the transaction.
Bruchou & Funes de Rioja acted as Argentine law counsel to the initial purchasers and placement agents, with a team led by partner Alejandro Perelsztein and associates Manuel Etchevehere, Micaela Zarate and Santiago Martin.
The Province was assisted by a legal team from Cleary Gottlieb Steen & Hamilton, which acted as United States counsel through a team led by partners Juan G. Giráldez and Ignacio Lagos, with associates Juan Ignacio Leguizamo and Lara Gómez Tomei, and international lawyer Matias Chaves. TCA Tanoira Cassagne advised the Province on Argentine law matters through a team led by partners Alexia Rosenthal and Jaime Uranga, together with associates Juan Manuel Simó, Teófilo Trusso and Mario Ignacio Larreguy Revol.
The initial purchasers and Argentine placement agents were represented by A&O Shearman as United States counsel, through a team led by partner Alejandro Giordano, with associates Gabriela Laufer, Teresa Zuniga and Hanan Al-Malssi.
