Cabanellas Etchebarne Kelly has returned to help Argentina’s Neuquén province issue US$60 million in short-term notes.
Banco Provincia del Neuquén acted as principal arranger and placement agent, alongside Banco Macro and Banco de Galicia y Buenos Aires. The banks hired Tanoira Cassagne Abogados for the transaction, which closed on 31 August.
The province issued the notes at a fixed interest rate of 28.5 per cent. They are due on 30 November.
This is the fourth Neuquén province issuance this year in which Cabanellas Etchebarne and Tanoira Cassagne have participated. The province offered US$66 million inJuly, US$45 million inMay, and US$68 million inMarch.
Counsel to Province of Neuquén
Cabanellas Etchebarne Kelly
Partner Marcelo Etchebarne, member Jaime Uranga and associate Nicolás Aberastury
Counsel to Banco Provincia del Neuquén, Banco Macro and Banco de Galicia y Buenos Aires
Tanoira Cassagne Abogados
Partner Alexia Rosenthal and associates Rocío Carrica and Ignacio Nantes