Alexia Rosenthal and Jaime Uranga

Nicholson y Cano and TCA counsel on Red Surcos’ issuance of Negotiable Obligations IX

Nicholson y Cano Abogados has counselled Red Surcos, an agricultural inputs company, and Tanoira Cassagne Abogados has counselled the underwriters in the issuance of its Negotiable Obligations Series IX, which qualify as Sustainability-Linked Bonds, for a total amount of US$15,000,000.

The issue was made under the framework of its global programme of issuance of Negotiable Obligations for up to a nominal value of US$50,000,000 (or its equivalent in other currencies), maturing on 29 September 2025.

The Series IX Negotiable Obligations 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 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, Banco de Servicios y Transacciones, Allaria Ledesma & Cía, Facimex Valores, Max Capital, Adcap Securities Argentina and TPCG Valores acted as underwriters.

Estudio Nicholson y Cano’s team included partner Mario Kenny and associates Juan Martín Ferreiro and Micaela Bassi.

TCA’s team was led by Alexia Rosenthal (pictured left) and Jaime Uranga (pictured right), and associates Juan Sanguinetti, Mariana Troncoso, Carolina Mercero and Teófilo Trusso.

L Giselle Estrada