Nicholson Cano and TCA on Red Surcos’ Notes X issue
Nicholson y Cano Abogados has advised Red Surcos, an agricultural inputs company, as issuer, and Tanoira Cassagne has advised the underwriters, in the issuance of Series X Negotiable Obligations for a total par value of USD $11,981,463.
The issuance was made on 13 April under its global programme of issuance of negotiable obligations for up to a nominal value of US $65,000,000 (or its equivalent in other currencies), where the Notes will mature on 13 April 2026.
The Series X Notes were issued in line with the Sustainability-Linked Bond Principles contained in the Sustainability-Linked Bond Guidelines and the Regulations for the listing of Negotiable Obligations and Government Securities for inclusion in the Sustainability-Linked Bonds panel of Bolsas y Mercados Argentinos (ByMA). The sustainable bond evaluation was carried out by FIX SCRA, which has granted the rating “BVS2(arg)”.
Banco Supervielle, Balanz Capital Valores, Banco de Galicia y Buenos Aires, Banco de la Provincia de Buenos Aires, Banco Santander Argentina, and Facimex Valores acted as underwriters.
Nicholson y Cano’s team comprised partner Mario Kenny (pictured left) and associate Juan Martín Ferreiro.
TCA’s team included partners Alexia Rosenthal (pictured centre) and Jaime Uranga (pictured right), together with associates Juan Sanguinetti, Mariana Troncoso and Carolina Mercero.
