15 March 2023

BSF Class 22 Notes issue

Pérez Alati Grondona Benites & Arntsen has advised the arrangers and underwriters, in the issuance of Class 22 Notes for a par value of $2,162,500,000 and Cerolini & Ferrari Abogados has advised Banco de Servicios Financieros (SBF).

The Class 22 Notes were issued on 3 March 2023 under its global programme, maturing in March 2024, at a variable interest rate equivalent to the Private Badlar Rate plus a cut-off margin of 4.50%, payable quarterly and at an issue price of 100% of the nominal value, the principal amount of which will be amortised in one instalment equal to 100% of the nominal value on the maturity date of the Notes.

In addition, the Class 22 Notes have been authorised for listing on Bolsas y Mercados Argentinos (ByMA) and for trading on the Mercado Abierto Electrónico (MAE).

Banco Santander Argentina, Banco BBVA Argentina and Banco Itaú Argentina acted as arrangers and underwriters.

BSF is a financial institution that develops its business within the specialised banking segment, centralising its activity in the consumer credit sector.

The in-house counsels involved in this transaction were Eduardo Dezuliani and Vanina Molinero for BSF; Ignacio Manuel García DeibeEzequiel Guerrero and Paula Balbi for Banco Santander Argentina; María Gabriela MancusoMaría Dolores Distefano and Santiago Zárate for Banco BBVA Argentina; and Cecilia Victoria and Sebastián Pereyra Pagiari for Banco Itaú Argentina.

Cerolini & Ferrari’s team consisted of partner Agustín L. Cerolini, and associates Martín ChindamoDana König and Juan Bautista Marques.

PAGBAM’s team included partner Diego Serrano Redonnet, and associates Alejo Muñoz de ToroNahuel Pérez de Villarreal and Joaquín López Matheu.

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