TCA and PAGBAM advise on Comafi Notes issue
Tanoira Cassagne Abogados has advised Banco Comafi, as issuer, and Pérez Alati Grondona Benites & Arntsen advised Banco Comafi and Comafi Bursátil, as underwriters in the issuance of the Class I Notes for a par value of USD $10,750,000, and the Class II Notes for a par value of USD $23,140,000.
The Class I and Class II Notes are denominated and payable in US dollars, mature on 24 November 2024, and bear interest at a fixed annual nominal rate of 1%.
The Class I Notes were denominated in cash in US dollars in the Argentine Republic (Dollar MEP) and the Class II Notes were denominated in cash in US dollars abroad (Dollar Cable).
Banco Comafi’s core business is to provide a wide range of general commercial banking services to various types of customers (individuals and micro, small, medium and large companies). Through its branch network and other remote channels, it receives demand, savings and time deposits, provides secured and unsecured loans, overdrafts, cheque discounting and trade finance facilities. On the other hand, Banco Comafi provides services to companies, such as salary payments, payments to suppliers and collections, and issues credit cards for individuals and companies, among others.
Carmen Nosetti and Mariana López acted as in-house counsel for Banco Comafi.
TCA’s team was led by partners Alexia Rosenthal (pictured left), Jaime Uranga (pictured centre, left) and Ignacio Criado Díaz (pictured centre, right), with support from associates Carolina Lourdes Mercero and Juan Francisco Tineo.
PAGBAM’s team included partner Diego Serrano Redonnet (pictured right), counsel Alejo Muñoz de Toro and associates Joaquín López Matheu, Juan Ignacio Rodriguez Goñi and Tamara Friedenberger.
