TCA Tanoira Cassagne advised on the successful issuance of Banco Comafi’s Class XXIV and Class XXV Notes

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TCA Tanoira Cassagne advised Banco Comafi S.A., as issuer and placement agent (“Banco Comafi”) and Comafi Bursátil S.A., Allaria S.A., Invertironline S.A.U., Bull Market Brokers S.A. and PP Inversiones S.A. as placement agents, in the issuance of (i) class XXIV notes for a nominal amount of US$12,833,373 (“Class XXIV Notes”); and (ii) class XXV notes for a nominal amount of US$55,186,382 (“Class XXV Notes”,and together with Class XXIV Notes, the “Notes”);

The Class XXIV Notes are denominated in US dollars and will be payable in US dollars in Argentina (Dollar MEP), maturing on June 5, 2028 and will accrue interest at a fixed interest rate of 5.25%.

The Class XXV Notes are denominated in US dollars and will be payable in US dollars off shore (Dollar Cable), maturing on December 6, 2027 and will accrue interest at a fixed interest rate of 3.50%.

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, Stefanía Lo Valvo and Maria Ignacio Larreguy Revol.

In-house Counsels of Banco Comafi:

Carmen Nosetti and Mariana López.

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