Zang, Bergel & Viñes Abogados advised IRSA Inversiones y Representaciones Sociedad Anónima ("IRSA") in the issuance of Series No XX Notes (“Series No XX”) and Series No XXI Notes (“Series No XXI” and together with the Series No XX, the "Notes"), under its Global Notes Program (not convertible into shares) for up to USD 7500,000.000 (US Dollars seven hundred and fifty million) (or its equivalent in other currencies or units of value).
Pérez Alati, Grondona, Benites & Arntsen advised BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco Santander Argentina S.A., Banco de la Provincia de Buenos Aires, Balanz Capital Valores S.A.U., Banco de Galicia y Buenos Aires S.A.U., Banco Supervielle S.A., Banco Patagonia S.A., Invertironline S.A.U., Banco Comafi S.A., Macro Securities S.A.U., Industrial and Commercial Bank of China (Argentina) S.A.U., Latin Securities S.A., Invertir en Bolsa S.A., Bull Market Brokers S.A., Industrial Valores S.A., SBS Trading S.A. and Nuevo Banco de Santa Fe S.A. as placement agents of the Notes (the “Placement Agents”).
On June 10, 2024, IRSA successfully completed the placement and issuance of the Series No. XX for an aggregate of USD 23.015.242, which will bear a fixed interest rate of 6,00%, at an issuance price of 100% of face value, and will mature on June 10, 2026; and the placement and issuance of the Series No XXI for an aggregate of ARS 17.012.712.873, which will bear a variable interest rate, at an issuance price of 100% of face value, and will mature on June 10, 2025.
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 Diego Serrano Redonnet, Alejo Muñoz de Toro, Juan Ignacio Rodriguez Goñi and Mora Mangiaterra Pizarro.
Practices
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