News

28 October 2024

Grupo ST’s new notes issuance

Grupo ST S.A. ("GST") successfully completed the issuance in the local capital market of fixed annual 7.00% rate series  13 notes, for a nominal value equivalent to USD 7,658,498, due July 4, 2025, denominated and payable in dollars (the “Notes”). The Notes will be amortized in a single payment to be made on the maturity date.

Placement agent Banco Santander Argentina S.A. was advised by Pérez Alati, Grondona, Benites & Arntsen.

The Notes were issued on October 4, 2024, under the Non-Convertible Simple Notes Program for up to USD$ 75,000,000 (or its equivalent in other currencies or units of value).

The Notes have been admitted for listing in Bolsas y Mercados Argentinos S.A. panel, and authorized for its negotiation in the Mercado Abierto Electrónico S.A.

Pérez Alati, Grondona, Benites & Arntsen team was led by: partner Diego Serrano Redonnet, together with counselor Alejo Muñoz de Toro and associates Joaquín López Matheu and Juan Ignacio Rodriguez Goñi.

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