Nicholson Cano and TCA advise on bond issuance by Surcos
Nicholson y Cano Abogados has advised Red Surcos, an agricultural inputs sales company, and Tanoira Cassagne Abogados has advised the underwriters in its issue of Series VIII Bonds for a total nominal value of $20,000,000 USD.
The bonds were issued and settled on 8 June 2022, maturing on 8 June 2024, under its global programme for the issuance of single bonds of up to $50,000,000 USD.
The issuance was made in line with the sustainability-linked bond principles contained in the sustainability-linked bond guide and the listing rules for bonds and government securities for inclusion in the sustainability-linked bond market panel of the Argentinean Stock Exchange and Markets (ByMA). Sustainable bonds have been rated by FIX SCRA as “BVS2 (arg)”.
Banco Supervielle, Balanz Capital Valores, Banco de Galicia y Buenos Aires, Banco de la Provincia de Buenos Aires, AR Partners, Banco Santander Río, Banco de Servicios y Transacciones and Futuros del Sur acted as placement agents.
Nicholson y Cano Abogados’ team included partner Mario Kenny and associate Juan Martín Ferreiro.
TCA’s team was led by partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured right), with support from associates Juan Sanguinetti, Mariana Troncoso and Teófilo Trusso.
