PAGBAM represents placement agents in issuance of BACS Notes
PAGBAM has counselled on an issuance of Negotiable Obligations by BACS Banco de Crédito for 1,500 million pesos
Pérez Alati, Grondona, Benites & Arntsen has represented the placement agents in the issuance of the Class 7 Notes of BACS Banco de Crédito y Securitización S.A., issued under the Frequent Issuer Regime, Frequent Issuer Registration No. 1 granted by Provision No. DI-2018-57-APN-GE#CNV dated 1 November 2018 and ratified by Provision No. DI-2021-12-APN-GE#CNV dated 11 May 2021, issued by the Issuers’ Management of the National Securities Commission.
The placement was carried out on 7 February for a nominal amount of 1,500,000,000 Argentine pesos maturing 12 months from the issue and settlement date and bearing interest at a variable rate equivalent to the Private Badlar Rate plus 4% nominal annual rate, payable quarterly.
Banco Hipotecario S.A., Banco Patagonia S.A., Facimex Valores S.A., Nación Bursátil S.A., and Banco Santander Rio S.A. acted as underwriters of the Notes. Zang, Bergel & Viñes Abogados acted as counsel to BACS and Securitization.
Solange Spinelli Gerente de Legales and Pablo Vidal Raffo acted as in-house counsel to BACS.
Zang, Bergel & Viñes Abogados’ team included partners Carolina Zang and María Angélica Grisolia, and associates Cristian Bruno and Nadia Dib.
PAGBAM’s team was led by partner Diego Serrano Redonnet (pictured left), with support from associates Nicolás Aberastury (pictured top right), Adriana Tucci and Joaquín López Matheu (pictured bottom right).
