Pérez Alati, Grondona, Benites & Arntsen advised Macro Securities S.A.U., Balanz Capital Valores S.A.U., Banco Supervielle S.A., Banco Santander Argentina S.A., Banco Comafi S.A. and Banco Patagonia S.A., as placement agents, in the issuance of class 25 notes for a nominal amount of AR$ 14,055,000,000 (the “Notes”).
On November 28, 2024, BSF issued the Notes under its Global Program for the Issuance of Notes for up to a nominal amount of US$ 250,000,000 or its equivalent in other currencies (the “Program”), for a nominal value of AR$ 14,055,000,000. The Notes will mature on November 2025 and bear variable interest rate corresponding to the sum of the “Badlar Privada” Rate and the 7% cut-off margin. The principal of the Notes will amortized in an installment equal to 100% of the nominal value on the maturity date of the Notes.
The Notes were offered to qualified investors in the local market and have been authorized for listing in Bolsas y Mercados Argentinos S.A. and for trading in the Mercado Abierto Electrónico S.A.
BSF is a financial institution that develops its business within the specialized banking segment, centralizing its activity in the consumer credit sector. In this sense, BSF's activity is focused on retail financing, and essentially oriented to the financing of end customers, purchasers of products marketed by INC S.A. (operator of the supermarket chain of the Carrefour Group in Argentina).
The financing granted to customers of different stores of the Carrefour Group in Argentina is offered through the Carrefour Card, issued by BSF, and also through personal loans granted to those customers who already have such credit card. The financing is granted, depending on the line of business in question, either exclusively for the purchase of products marketed by Carrefour Group stores in Argentina or for other purposes.
Placement agents’ legal advisors
Pérez Alati, Grondona, Benites & Arntsen
Partner Diego Serrano Redonnet, counsel Alejo Muñoz de Toro and associates Nahuel Perez de Villarreal and Tamara Friedenberger
