Beccar Varela advises INVAP on Notes’ issuances
September, 2024 - Buenos Aires, Argentina
On August 26, INVAP S.E. (“INVAP”) issued Class VI Series I Notes, simple, non-convertible into shares, denominated in U.S. Dollars, to be subscribed and payable in Pesos. The issuance was carried out under the Global Program of INVAP.
The Class VI Series I Notes, maturing on August 26, 2026, accrue interest at a variable rate of 5.00% margin p.a., payable quarterly, and will amortize their principal in 5 (five) payments, each equivalent to 20% of the principal.
The Class VI Series I Notes have been locally rated as “A-(arg)” by FIX SCR S.A. as of August 16, 2024. Additionally, the Notes have been admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading on the Mercado Abierto Electrónico S.A.
In the issuance of the Class VI Series I Notes, Banco de Galicia y Buenos Aires S.A.U., Banco Patagonia S.A., and SBS Capital S.A. acted as organizers, while Banco de Galicia y Buenos Aires S.A.U., Banco Patagonia S.A. y SBS Trading S.A. acted as placement agents. All parties involved in the transaction were advised by Beccar Varela’s team led by Luciana Denegri, with the participation of María Victoria Pavani, Julián Alejandro Ojeda, Martina Puntillo and Carlos Nicolás Saúl Lucero.
