TCA represents Mendoza in issuance of Debt Securities
Tanoira Cassagne Abogados has represented the Municipality of the City of Mendoza in the issuance of Series I Debt Securities, denominated and payable in pesos, in the amount of $500,000,000.
The Series I Debt Securities, maturing on 1 July 2026, were issued on 1 July, at a variable rate composed of the Private BADLAR rate plus a 7% bid cut-off margin.
The net proceeds of the issue will be used to finance the construction of modules of up to 10 kW in public spaces and municipal buildings with a clear environmental impact, within the framework of the Municipality’s Energy Transition Plan 2030.
The Debt Securities were issued in line with the four main components of the International Capital Market Association’s (ICMA) Green Bond principles, and in accordance with the provisions of the Social, Green and Sustainable Bond Guide of the Argentinean Stock Exchanges and Markets Panel (ByMA).
In addition, the Debt Securities have been incorporated into the BYMA’s Social, Green and Sustainable Bond Panel.
TCA’s team was composed of partners Alexia Rosenthal (pictured left) and Jaime Uranga (pictured right) and associates Juan Sanguinetti, Teófilo Trusso, Juan Manuel Simó and Ana Lucía Miranda.
