DLA Piper advises Argentina’s Province of Chubut on AR$51.5 billion debt issuance

DLA Piper advised the Province of Chubut on the issuance of Series CXX Class 1 and Class 2 Treasury Notes for an aggregate nominal amount of AR$51.5 billion.

Series CXX Class 1 bears a dual fixed rate payable on each payment date equal to the higher of the 25.00 percent annual nominal fixed rate and the Private TAMAR Rate, plus a fixed 5.00 percent annual nominal margin, fully amortized at maturity on October 7, 2026.

Series CXX Class 2 bears a dual fixed rate payable on each payment date equal to the higher of the 28.00 percent annual nominal fixed rate and the Private TAMAR Rate, plus a fixed 5.50 percent annual nominal margin, fully amortized at maturity on November 9, 2026.

The DLA Piper deal team was led by Partner Justo Segura with assistance from Associates Federico Vieyra, Ignacio Comparato, and Martina Mastandrea (all Buenos Aires).

DLA Piper’s Latin America team offers full-service business legal counsel to domestic and multinational companies with interests and operations throughout the region. Our integrated approach combines local knowledge with the resources of DLA Piper’s global platform. With more than 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico, together with our US-based cross-border attorneys, our teams frequently collaborate with colleagues across the Latin America region, the Iberian Peninsula, and around the world. DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to serve clients’ legal and business needs, whether they are based in Latin America or seeking to do business there.

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