Zang, Bergel & Vines Abogados has advised BACS Banco de Crédito y Securitización S.A. (the “Bank” or “BACS”) regarding the issuance of the Notes Series No. 7 (the “Note Series No. 7” or the “Notes”), issued under the Frequent Issuer Regime, Frequent Issuer Registry No. 1 granted by Disposition No. ID-2018-57-APN-GE#CNV dated November 1, 2018 and ratified by Disposition No. DI-2021-12-APN-GE#CNV dated May 11, 2021 from the “Gerencia de Emisoras” of the Comisión Nacional de Valores. Pérez Alati, Grondona, Benites & Arntsen acted as counsel to the Placement Agents.
On February 7, 2022, the Bank successfully completed the placement and issuance of the Note Series No. 7 for an aggregate of AR$ 1,500,000,000 Note Series No. 7 maturing on 12 months from its issue date and bear a variable interest rate equal to the Private Badlar Rate (Tasa Badlar Privada) plus 4% per annum, payable on a quarterly basis.
The offering was directed to the domestic market and therefore the Notes will be listed in Bolsas y Mercados Argentinos S.A. and admitted for trading on the Mercado Abierto Electrónico S.A.
Zang, Bergel & Viñes Abogados advised BACS Banco de Crédito y Securitización S.A., while Pérez Alati, Grondona, Benits & Arntsen advised Banco Hipotecario S.A., Banco Patagonia S.A., Facimex Valores S.A. Nación Bursátil S.A., and Banco Santander Rio S.A. who acted as placement agents.
Counsel to the Bank and to the issuance
Zang, Bergel & Viñes Abogados
Partners Carolina Zang and María Angélica Grisolía and associates Cristian Bruno and Nadia Dib.
Solange Spinelli Head of Legal Affairs of the Bank and Pablo Vidal Raffo.
Counsel to the placement agents
Perez Alati, Grondona, Benites & Arntsen
Partner Diego Serrano Redonnet and associates Nicolás Aberastury, Adriana Tucci and Joaquín López Matheu.
