ZBV and PAGBAM in new issue of IRSA Notes
Zang Bergel & Viñes Abogados has advised IRSA Inversiones y Representaciones Sociedad Anónima (IRSA), and Pérez Alati Grondona Benites & Arntsen the underwriters, in the issuance of the Class XVIII and Class XIX Notes.
The issuance took place on 28 February, under the framework of the Global Programme for the Issuance of Simple Negotiable Obligations (not convertible into shares) for a nominal value of up to USD 750,000,000 (or its equivalent in other currencies), where the Class XVIII Notes were issued for a total nominal value of USD 21,408,926. 926, maturing on 28 February 2027, at a fixed annual nominal interest rate of 7.00% and at an issue price of 100% of the nominal value; and the Class XIX Notes for a total nominal value of ARS 26,203,845,375, maturing on 28 February 2025, at a variable interest rate and at an issue price of 100% of the nominal value.
The offer was addressed to the local market and the Notes have been authorised for listing on the Argentine Stock Exchange and Markets and for trading on the Electronic Open Market (Mercado Abierto Electrónico).
BACS Banco de Crédito y Securitización, Banco Hipotecario, Banco de Galicia y Buenos Aires, Banco Patagonia, Banco Santander Argentina, Banco de Servicios y Transacciones, SBS Trading, Facimex Valores, Banco Supervielle, Cocos Capital, Petrini Valores, Latin Securities, Balanz Capital Valores, Invertir Online, Banco Comafi, Puente Hnos. and Invertir en Bolsa acted as underwriters.
ZBV’s team consisted of partners Carolina Zang (pictured left) and María Angélica Grisolia (pictured right) and associate Nadia Dib.
PAGBAM’s team was led by partner Diego Serrano Redonnet (pictured centre), with the support of associates Alejo Muñoz de Toro, Nahuel Perez de Villarreal and Mora Mangiaterra Pizarro.
