TCA and Bruchou help in Rio Negro debt securities issuance
Tanoira Cassagne Abogados has advised the Province of Río Negro, and Bruchou & Funes de Rioja the arranger and underwriters, in the issuance of public debt securities “Bono Río Negro Serie I” maturing on 11 April 2024.
The debt securities were issued on 5 April under the framework of its financing programme for the year 2023, for a total amount of ARS $2,889,572,757 and at a variable Badlar rate plus a margin of 9%.
The repayments of the debt securities are secured by an assignment in guarantee of the province’s collection rights over the funds or any other payment from the Federal Co-participation Tax Regime, or such other payment that may replace it in the future.
Banco Patagonia acted as arranger and underwriter; while Banco de Servicios y Transacciones, Banco de Galicia y Buenos Aires, Banco Hipotecario and Puente Hnos. acted as sub-underwriters.
TCA’s team was led by partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured centre), assisted by associates Juan Sanguinetti, Juan Manuel Simó, Teófilo Trusso and Ana Lucía Miranda.
Bruchou’s team was led by partner Alejandro Perelsztein (pictured right) and associates Ramón Augusto Poliche and Sofía Maselli.
