Nicholson Cano has advised Surcos, an agricultural inputs sales company, and Tanoia Cassagne Abogados the underwriters, in the issuance of the Additional Series X Notes for a total par value of USD $6,500,000.
The issue was made on 19 October, at a 107.95 % of par value, at a rate of 2.50% and maturing on 13 April 2026, under its global programme for the issuance of Notes for up to USD $65,000,000 par value (or its equivalent in other currencies).
The Additional Series X Notes were issued in line with the Sustainability-linked Bond (SV) Principles contained in the Sustainability-linked Bond Guide and the Regulation for the listing of Negotiable Obligations and Public Securities for inclusion in the Sustainability-linked Bond panel of Bolsas y Mercados Argentinos (ByMA). The sustainable bond evaluation was carried out by FIX SCR, which has granted the rating “BVS2(arg)”.
Macro Securities, Banco de la Provincia de Buenos Aires, Facimex Valores, Invertir en Bolsa, BACS Banco de Crédito y Securitiziación, Latin Securities and TPCG Valores acted as underwriters.
Nicholson y Cano’s team included partner Mario Kenny (pictured left) and associates Juan Martín Ferreiro and Aldana Belén Opezzo.
TCA’s team comprised partners Alexia Rosenthal (pictured centre) and Jaime Uranga (pictured right) and associates Juan Sanguinetti, Carolina Mercero and Agustín Poppi.