PAGBAM and ZBV advise on Banco Hipotecario’s issuance of Negotiable Bonds
Pérez Alati, Grondona, Benites & Arntsen has counselled the underwriters, while Zang, Bergel & Viñes Abogados has counselled Banco Hipotecario
Pérez Alati, Grondona, Benites & Arntsen has advised the underwriters, and Zang, Bergel & Viñes Abogados has advised Banco Hipotecario, in the issuance of Banco Hipotecario’s Class 6 Notes under its Global Programme for the issuance of Simple Negotiable Notes (not convertible into shares) for a total nominal value of $15,947,600 USD.
The issue dated on 4 May 2022, matures on 4 May 2024, at a fixed rate of 0.00% nominal per annum and at an issue price of 100% of the nominal value. Banco Hipotecario, BACS Banco de Crédito y Securitización, Banco de Galicia y Buenos Aires, Banco Santander Argentina and Banco de Servicios y Transacciones acted as underwriters.
The offering was directed to the local market and the Notes have been authorised for listing on the Argentine Stock Exchange and for trading on the Mercado Abierto Electrónico (Open Electronic Market).
ZBV’s team consisted of partners Carolina Zang (pictured top right) and María Angélica Grisolia (pictured bottom right) and associates Cristian Bruno and Nadia Dib.
PAGBAM’s team was led by partner Diego Serrano Redonnet (pictured left) and supported by associates Nicolás Aberastury, Adriana Tucci, Joaquín López Matheu and Jerónimo Juan Argonz.
