Zang, Bergel & Viñes Abogados has advised Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (the “Company”) regarding the issuance of Notes Series 30 (the “Series No. XXX 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., Banco de la Provincia de Buenos Aires, Balanz Capital Valores S.A.U., Puente Hnos. S.A., SBS Trading S.A. and AR Partners S.A., as placement agents for the offering of the Notes.
On August 31, 2020, the Company successfully completed the placement of the Series No. XXX Notes for a total amount of US$25,003,706, which were issued at a par price, will bear an annual interest rate of 2%, payable on a quarterly basis, and will mature on August 31, 2023.
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, Guido Meirovich and Paula Balbi.