On March 5, 2026, Banco de la Ciudad de Buenos Aires ("Banco Ciudad") successfully completed the issuance of class 23 debt securities (“Class 23 Debt Securities”) and class 24 debt securities (“Class 24 Debt Securities”, and collectively with the Class 23 Debt Securities, the "Debt Securities") denominated in Unidades de Valor Adquisitivo ("UVA"), in an aggregate principal amount of 55,231,066 UVAs.
The Class 23 Debt Securities, UVA-denominated and payable in Pesos, were issued in a principal amount of 43,208,721 UVAs. They will mature on March 5, 2028 and bear interest payable quarterly at a fixed rate of 7.50% per annum and amortize on December 5, 2027 and March 5, 2028, in two equal installments.
The Class 24 Debt Securities, UVA-denominated and payable in Pesos, were issued in a principal amount of 12,022,345 UVAs. They will mature on March 5, 2029 and bear interest payable quarterly at a fixed rate of 7.95% per annum and amortize on September 5, 2028 and March 5, 2029, in two equal installments.
The Debt Securities have been authorized for listing and trading on Bolsas y Mercados Argentinos S.A. and A3 Mercados S.A., respectively.
The net proceeds may be allocated to provide housing financing, including mortgage loans, and to finance infrastructure investment projects in the Republic of Argentina, including works and developments related to the energy, urban, real estate, cultural and services sectors, as well as other projects that contribute to economic and social development.
The placement of the Debt Securities was carried out by Banco de la Ciudad de Buenos Aires, acting as arranger and placement agent, and Banco Santander Argentina S.A., Banco de Galicia y Buenos Aires S.A., Banco de Servicios y Transacciones S.A.U., Balanz Capital Valores S.A.U., Macro Securities S.A.U., Puente Hnos. S.A. and One618 Financial Services S.A.U. acting as placement agents (collectively, the "Placement Agents").
Legal counsel to the Placement Agents
Pérez Alati, Grondona, Benites & Arntsen acted as legal counsel to the Placement Agents, with a team comprised of partner Diego Serrano Redonnet, counselor Nicolás Aberastury, and associates Tamara Friedenberger and Catalina Hermida Pini.
