Zang, Bergel & Viñes Abogados has advised Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (the “Company”) regarding the issuance of Notes Series 25 (the “Series No. XXV 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 Hipotecario S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A., Banco de la Provincia de Buenos Aires, Banco Patagonia S.A., Industrial Valores S.A., SBS Trading S.A., Balanz Capital Valores S.A.U., Puente Hnos. S.A. and AR Partners S.A. as placement agents for the offering of the Notes.
On July 11, 2019, the Company successfully completed the placement of the Series No. XXV Notes for a total amount of US$59,561,897, which were issued at a par price and will bear an annual interest rate of 9.00%, payable semi-annually. The Notes will mature on July 11, 2021.
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
Pérez Alati, Grondona, Benites & Arntsen acted as counsel to the placement agents. The team included partner Diego Serrano Redonnet and associates Guido Meirovich and Paula Balbi.
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