August, 2017 - Buenos Aires, Argentina
Beccar Varela and PAGBAM in Banco Ciudad issue.
Buenos Aires, August 15th, 2017. Beccar Varela advised Banco de la Ciudad de Buenos Aires on a notes issuance worth AR$2.3 billion (approx. US$130 million), issued in two notes classes under the entity’s Global Program for short, medium and long term notes with a maximum global nominal value of up to US$500 million (or its equivalent in other currencies). In this transaction, Banco Ciudad acted as issuer, organizer and placement agent. Banco de Galicia y Buenos Aires, Industrial and Commercial Bank of China (Argentina), Macro Securities and Puente Hnos acted as placement agents and turned to Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h). The result of the placement was published on August 9th, 2017.