Estudio Beccar Varela Advises Tarjetas Cuyanas on the Issuance of Notes Class XXVII
February, 2017 - Buenos Aires, Argentina
Estudio Beccar Varela advised Tarjetas Cuyanas S.A. and the placement agents on the issuance of notes Class XXVII, issued in one series under the company’s global program for short, medium and long term notes for a maximum nominal value of up to US$250 million (or its equivalent in other currencies). Series II notes were issued at a nominal value of AR$500 million. The transaction closed on February 10th, 2017.
The maturity date of Series II notes (also denominated in Argentine Pesos) will take place on February 10, 2020, accruing interest at Badlar rate + cut-off margin of 3,5%per annum. These notes have been listed on The Buenos Aires Stock Exchange (Bolsa de Comercio de Buenos Aires) and have been admitted to trading on Mercado Abierto
Electrónico S.A. and Mercado de Valores de Buenos Aires S.A. Fix SCR Agente de Calificación de Riesgo S.A. has rated them “AA-(arg)”.
In this transaction, Banco de Galicia y Buenos Aires S.A. and HSBC BANK ARGENTINA S.A. acted as organizers and placement agents.
Deal counsel: Estudio Beccar Varela (partner Javier L. Magnasco, junior partner Luciana Denegri and associates María Victoria Pavani and Franco Tonelli).
