Marval and Errecondo in Banco de Servicios Financieros’ nineteenth local issuance

Banco de Servicios Financieros S.A. (“BSF” or the “Issuer”), an Argentine financial entity, issued its XIX local notes under its USD 250,000,000 global short, medium and long term note program (the “Notes”).

The Notes were issued in an aggregate amount of ARS 500,000,000, with maturity on February 18, 2019, and bear interest at a floating interest rate per annum of Badlar plus 475 bps.

Marval, O’Farrell & Mairal acted as counsel of the Issuer through the team led by partner Javier Etcheverry Boneo and associates Constanza Rudi and Agata Radajczyk.

Errecondo, Gonzalez & Funes advised the arrangers BBVA Banco Francés, Banco Santander Río and Banco Macro and Banco Macro, and placement agents BBVA Banco Francés, Banco Santander Río and Macro Securities with the team led by partner Carolina Curzi and associates Delfina Lynch and Agustín Hyland.