TCA assists Balanz Capital Valores in the issuance of Notes
Tanoira Cassagne Abogados has assisted Balanz Capital Valores in the placement of Series I Notes for a nominal amount of US$35,000,000.
The Notes were issued at a nominal annual interest rate of 5%, denominated and payable in U.S. dollars and maturing 24 months from the date of issuance and settlement. The Series I Notes were funded in cash in US dollars in the Republic of Argentina.
The firm also advised the issuer in the creation of its Global Programme for the issuance of simple Negotiable Obligations (not convertible into shares) for up to V/N US$ 50,000,000 (or its equivalent in other currencies and/or units of value or measure) outstanding at any time (or its equivalent in other currencies or units of value), whose authorisation was granted by the Comisión Nacional de Valores (the CNV) on 6 December 2023.
Balanz has a track record of more than two decades leading the Argentine and international capital markets, providing its services to more than 700,000 clients.
Ana Paula Dandlen, Tomas Lipka and Nicolas Gandolfo acted as in-house counsels to Balanz.
TCA’s team consisted of partners Alexia Rosenthal (pictured left), Jaime Uranga (pictured centre) and Ignacio Criado Díaz (pictured right), and associates Juan Manuel Simó and Ana Lucía Miranda.
