Zang, Bergel & Viñes Abogados has advised Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (the “Company”) regarding the issuance of Notes Series 24 (the “Series No. XXIV Notes” or the “Notes”), issued under its Global Note Program for up to the sum of US$500,000,000 (or its equivalent in other currencies).
Perez Alati, Grondona, Benites & Arntsen advised BACS Banco de Crédito y Securitización S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Puente Hnos. S.A., Balanz Capital Valores S.A.U., Industrial and Commercial Bank of China (Argentina) S.A. and Banco Hipotecario S.A. as placement agents for the offering of the Notes.
On November 14, 2018, the Company successfully completed the placement of the Series No. XXIV Notes for a total amount of US$73,605,400, which were issued at a par price and will bear an annual interest rate of 9%, payable on a quarterly basis. The Notes will mature on November 14, 2020.
The offering was directed to the domestic market and the Notes are listed and admitted for trading in the Bolsas y Mercados Argentinos S.A. and on the Mercado Abierto Electrónico S.A.
Counsel to the placement agents
Perez Alati, Grondona, Benites & Arntsen acted as counsel to the placement agents. The team included partner Diego Serrano Redonnet and associates Nicolás Aberastury and Guido Meirovich.
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