Simpson Thacher acted for Argentinean bank Banco Hipotecario on its offering of 6,078,320,000 Argentinean pesos aggregate principal amount of its Floating Rate Notes due 2020, Series No. 40, issued under a US$1 billion Global Note Program.
The offering was conducted in reliance on Rule 144A and Regulation S.
Banco Hipotecario is a full-service commercial bank which was established in 1886 by the Argentine government and privatized in 1999. The Argentine government remains a principal shareholder together with IRSA Inversiones y Representaciones.
Partner David Williams led the the Simpson Thacher team advising Banco Hipotecario.
The bank instructed Zang, Bergel & Viñes Abogados as Argentine counsel.
The initial purchasers of the offering instructed Shearman & Sterling as US counsel and Salaverri, Dellatorre, Burgio & Wetzler Malbrán as Argentine counsel.