The Province of Buenos Aires (the “Province”), a province of the Republic of Argentina, has successfully created Public Debt Issuance Program for up to USD 250,000,000 and issued the first series of Notes for an amount of U$S 50,222,000. Banco de la Provincia de Buenos Aires acted as lead manager and main book-runner for the transaction, while Puente Hnos. S.A. Sociedad de Bolsa acted as joint book-runner.
The Public Securities, due on May 24, 2013, will accrue interest at 9.25%. Furthermore, the Notes were guaranteed with revenues from the Federal Tax Coparticipation Regime.
The Province of Buenos Aires was assisted by the Office of Legal and Financial Analysis of the Province Office of Debt and Public Credit through Mariana González, María Ortale and Andrea Plano.
In addition, Cabanellas, Etchebarne & Kelly acted as legal counsel of the Province through a team led by partner Marcelo Etchebarne and associates Justo Segura and Ricardo Menéndez.
Bazán, Cambré & Orts acted as legal counsel to Banco de la Provincia de Buenos Aires through a team led by partner Marcelo R. Tavarone and associate Gala Barbieri.
Bruchou, Fernández Madero & Lombardi acted as legal counsel to Puente Hnos. S.A. Sociedad de Bolsa through a team led by partner Roberto A. Lizondo and associates Rocío Balestra, Pablo Fernández Pujadas and Andrés Chester.