Nicholson y Cano Abogados and TCA Tanoira Cassagne advised in Surcos Series XII Notes Issuance.


Surcos S.A. (“Surcos“), a leading company in the sale of agricultural inputs, carried out a new issuance of simple corporate bonds under (i) Series XII Class A VS for a total par value of U$S 3,606,129 at a fixed rate of 7%, and maturing on February 26, 2026 (the “Series XII Class A VS Notes”); and (ii) Serie XII Class C for a total par value of $745,000,000 with a variable annual nominal interest rate equivalent to the Badlar Rate plus a margin of 6% (the “Series XII Class C Notes” and together with Series XII Class A VS Notes, the “Serie XII Notes”), within the framework of their global program for the issuance of simple bonds up to U$S100,000,000 (Dollars one hundred million) (or its equivalent in other currencies) (the “Program”).

The Date of Issuance and Settlement of the Series XII Notes was February 26, 2024.

The Series XII 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 Banco Supervielle S.A, Balanz Capital Valores S.A.U., Banco Santander Argentina S.A., Invertir en Bolsa S.A., Banco de la Provincia de Buenos Aires, Banco de Galicia y Buenos Aires S.A.U., PP Inversiones S.A., Facimex Valores S.A., Macro Securities S.A.U., BACS Banco de Crédito y Securitización, Max Capital S.A., Latin Securities S.A. and 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 Federico Grieben.

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