TCA Tanoira Cassagne advised Banco Comafi S.A., as issuer and placement agent (“Banco Comafi”), and Comafi Bursátil S.A. as placement agent, in the issuance of: (i) class XIV notes for a nominal amount of US$35,450,000 (the “Class XIV Notes”); and (ii) class XV notes for a nominal amount of AR$11,585,000,000 (the “Class XV Notes”, and together with Class XIV Notes, the “Notes”).
The Class XIV Notes are denominated in US dollars and will be payable in US dollars in Argentina (Dollar MEP), maturing on November 19, 2025 and will accrue interest at a fixed interest rate of 4.50%.
The Class XV Notes are denominated and will payable in Argentine Pesos, maturing on May 23, 2026 and will accrue interest at a floating interest rate equivalent to the TAMAR rate plus a 3.50% margin.
Banco Comafi’s main activity consists in providing a wide range of commercial banking services to various types of customers (individuals and micro, small, medium and large companies). Through its branches and other remote channels, it receives deposits at sight, in savings accounts and fixed-term deposits, grants secured and unsecured loans, overdrafts, check discounting and commercial financing lines. In addition, Banco Comafi provides services to companies, such as salary payments, payments to suppliers and collections, and issues credit cards for individuals and companies, among others.
Deal Counsel: TCA Tanoira Cassagne: Partners Alexia Rosenthal, Jaime Uranga and Ignacio Criado Diaz and associates Carolina Mercero and Jimena Torres Marcelo.
In-house Counsels of Banco Comafi:
Carmen Nosetti and Mariana López.
