TCA Tanoira Cassagne advised Banco de la Provincia de Buenos Aires (“Banco Provincia”) and Tavarone Rovelli Salim Miani advised Banco de Galicia y Buenos Aires S.A., Banco Santander Argentina S.A., Banco BBVA Argentina S.A., Balanz Capital Valores S.A.U., Macro Securities S.A.U., Invertironline S.A.U., Provincia Bursátil S.A., Allaria S.A., One618 Financial Services S.A.U. and Cocos Capital S.A., on the issuance of: (i) Class V notes for a nominal amount of US$ 31,757,262 (the “Class V Debt Securities”); and (ii) Class VI notes for a nominal amount of ARS 93,650,444,625 (the “Class VI Debt Securities”).
The Class V Debt Securities are denominated in US dollars and will be payable in cash in US dollars in Argentina. The Class VI Debt Securities are denominated and will be payable in Argentine Pesos.
The Class V Debt Securities will mature on June 8th, 2027, and will accrue interest at a fixed interest rate of 4.25%. The Class VI Debt Securities will mature on June 8th, 2027, with a floating interest rate equivalent to the TAMAR rate plus a 4.00% margin.
Banco Provincia is an autonomous public law institution founded in 1822 and stands as the oldest bank in Hispanic America. It is wholly owned by the Province of Buenos Aires and serves as its financial agent, managing tax collections, salary, pension and retirement payments, and other provincial obligations.
With a strong territorial presence, it has more than 400 branches in the Province of Buenos Aires and the City of Buenos Aires, and has maintained a leading track record in financial inclusion and digital innovation.
Legal Counsel to the Issuer: TCA Tanoira Cassagne: Partners Alexia Rosenthal and Jaime Uranga; and associates Carolina Mercero and Florencia Ramos Frean.
In-house Counsel to Banco Provincia: Marcelo A. Casanovas and Gonzalo Pérez.
Legal Counsel to the Placement Agents: Tavarone Rovelli Salim Miani: Partners Marcelo R. Tavarone and Julieta De Ruggiero; and associates Bárbara Valente and Angela Briante.
