Pérez Alati, Grondona, Benites & Arntsen advised Banco Santander Argentina S.A. (“Santander Argentina”) on the issuance of (i) class XXIX notes, simple, not convertible into shares, unsubordinated, with a joint and several guarantee of Santander Argentina and no guarantee of third parties, denominated and payable in Argentine Pesos, for a nominal value of $20,750,000,000 (Argentine Pesos twenty thousand seven hundred fifty million) at an effective monthly rate of 2.65% and maturing on November 23, 2025 (the “Class XXIX Notes”) and the class XXX notes, simple, not convertible into shares, unsubordinated, with a joint and several guarantee of Santander Argentina and no guarantee of third parties, denominated and payable in Argentine Pesos, for a nominal value of $65,840,000,000 (Argentine Pesos sixty-five thousand eight hundred forty million), at a floating interest rate composed of the TAMAR Privada rate plus a margin of 3.25% nominal annual and maturing on May 23, 2026 (the “Class XXX Notes” and together with the Class XXIX Notes, the “Notes”) under the Global Programme for the Issuance of Notes up to US$ 3,000,000,000 (or its equivalent in Pesos or other currencies or units of value).
In addition, the Notes have been locally rated “A1+ (arg)” by FIX S.C.R. (affiliate of Fitch Ratings) Calificadora de Riesgo and admitted for listing in Bolsas y Mercados Argentinos S.A. and authorized for trading in A3 Mercados S.A.
In the issuance of the Notes, which took place on May 23, 2025, Santander Argentina acted as issuer and placement agent and was advised by the team of Pérez Alati, Grondona, Benites & Arnsten.
Advisors of the transaction
Pérez Alati, Grondona, Benites & Arntsen
Partner: Diego Serrano Redonnet. Counselor: Nicolás Aberastury. Associates: Juan Ignacio Rodriguez Goñi, Tamara Friedenberger, Juan Cruz Carenzo y Catalina Hermida Pini.
In-house counsels of Banco Santander Argentina S.A. Lucía Vidaña, Ezequiel Guerrero, Cecilia Ramos and Mauro Dellabianca.
