Nicholson y Cano Abogados and TCA Tanoira Cassagne advised in Surcos Additional Series X Notes Issuance which qualify as Sustainability-Linked Bonds


Surcos S.A. (“Surcos“), a leading company in the sale of agricultural inputs, carried out a new issuance of simple corporate bonds under Series X for a total par value of U$S 6,500,000 (Dollars six millions five hundred thousand) at a price rate of 107,95%, a fixed rate of 2,50%, and maturing on April 13, 2026 (the “Additional Series X Notes”), within the framework of their global program for the issuance of simple bonds up to U$S 65,000,000 (Dollars sixty five million) (or its equivalent in other currencies) (the “Program”).

The Date of Issuance and Settlement of the Additional Series X Notes was October 19, 2022.

The Additional Series X Notes were issued in line with the Sustainability-Linked Bonds Principles contained in the Sustainability-Linked Bonds Guide and the Listing Rules for Notes and Government Securities for inclusion in the Sustainability-Linked Bonds Guide of the Argentine Stock Exchange and Markets Panel (“ByMA”). Thus, in the evolution of sustainable bond evaluation carried out by FIX SCR S.A., it has been qualified as “BVS2(arg)”.

Nicholson y Cano Abogados advised Surcos, while TCA Tanoira Cassagne advised Macro Securities S.A.U., Banco de la Provincia de Buenos Aires, Facimex Valores S.A., Invertir en Bolsa S.A., BACS Banco de Crédito y Securitiziación S.A., Latin Securities S.A. y TPCG Valores S.A.U. as placement agents (together “Placement Agents”), in the issuance of Additional Series X Notes.

Legal counsel to Surcos S.A.

Nicholson y Cano Abogados: Partner Mario Kenny and Associates Juan Martín Ferreiro and Aldana Belén Opezzo.

Legal counsel to the Placement Agents

Tanoira Cassagne Abogados:Partners Alexia Rosenthal and Jaime Uranga, and Associates Juan Sanguinetti, Carolina Mercero and Agustin Poppi.

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