Zang, Bergel & Viñes Abogados advised Banco Hipotecario S.A. ("Banco Hipotecario" or the "Bank") in the issuance of Series No 7 (the "Notes") transaction, under its Global Notes Program (not convertible into shares) for up to a nominal value in Pesos equivalent to US$ 25,000,000 (twenty-five million United States Dollars).
Pérez Alati, Grondona, Benites & Arntsen advised Banco Hipotecario S.A., BACS Banco de Crédito y Securitización S.A., and Banco Santander Argentina S.A., as placement agents of the Notes (the “Placement Agents”).
On February 19, 2024, Banco Hipotecario successfully completed the issuance of Series No 7 Notes and closed the exchange offer for a total face value of ARS 10.401.000.000 (Ten thousand four hundred one million Pesos), will bear a variable interest rate, at an issuance price of 100% of face value, and will mature on August 19, 2024.
The offer was directed to the local market and the Notes have been authorized for listing on Bolsas y Mercados Argentinos S.A. and for negotiation in the Mercado Abierto Electrónico S.A.
Counsel to the Placement Agents
Pérez Alati, Grondona, Benites & Arntsen acted as legal advisor to the placement agents through partner Diego Serrano Redonnet, Counsel Alejo Muñoz de Toro and associates Nahuel Perez de Villarreal and Juan Ignacio Rodriguez Goñi.
