News

29 November 2018

PAGBAM in issuance of Negotiable Obligations of Toyota Compañía Financiera de Argentina S.A.

EGFA advised Toyota Compañía Financiera de Argentina S.A. (the "Company") in the issuance of negotiable obligations Class N ° 25 (the "Negotiable Obligations Class 25", and class negotiable obligations N° 26 (the "Negotiable Obligations Class 26", and together with Negotiable Obligations Class 25, the "Negotiable Obligations"), within the framework of its Global Program for the Issuance of Negotiable Obligations of said Company in the amount of up to $ 2,500,000,000 (or its equivalent in other currencies).

Perez Alati, Grondona, Benites & Arntsen advised Banco Santander Rio S.A. and Banco de Galicia and Buenos Aires S.A.U., as underwriters of the Negotiable Obligations.

On November 21, 2018, Negotiable Obligations Class 25 were successfully issued for a nominal value of $ 246,428,571, maturing on February 21, 2020, at an issue price of 100% of the nominal value, at an equivalent variable rate at the Badlar Private Rate plus a nominal annual cut-off of 9.00% and will be amortized in three payments that will be made on August 21, 2019, November 21, 2019 and February 21, 2020. Likewise, the Negotiable Obligations Class 25 will pay quarterly interest on February 21, 2019, May 21, 2019, August 21, 2019, November 21, 2019 and February 21, 2020.

On November 21, 2018, Negotiable Obligations Class 26 were successfully issued for a nominal amount of $ 722,145,882, maturing on September 21, 2019, at an issue price of 100% of the nominal value, at a fixed rate of 56.00% nominal annual and will be amortized on September 21, 2019. In addition, the Negotiable Obligations Class 26 will pay interest on September 21, 2019.

Toyota Financial Company of Argentina S.A. is the financial company of Toyota Argentina S.A. whose purpose is to finance the acquisition of the vehicles sold by said company.

Legal advisors of Banco Santander Rio S.A. and Banco de Galicia and Buenos Aires S.A.U.

Pérez Alati, Grondona, Benites & Arntsen

Partner María Gabriela Grigioni. Associates: Guido Meirovich and Natalia Güttner.

Banco Santander Río S.A. counted on the legal advice of its internal lawyers Eduardo Ramos and Clarisa Prado.

Read article published in Abogados.com.ar

Read article published in Lex Latin

Subscribe to our Newsletter

Stay updated by receiving our Legal News Alert that will provide you, in a quick and simple way,
with the latest regulatory changes as well as the most relevant news.

Subscribe

* indicates required
I hereby give my free and informed consent for the collection, processing, storage and/or use of my personal data (the "Personal Data") by Pérez Alati, Grondona, Benites & Arntsen. I understand that all assignment and/or transfer of my Personal Data will be made in full compliance with Law No. 25,326 and complementary regulations. The delivery of my Personal Data is voluntary. I understand that, as the owner of the Personal Data, I have the right to exercise, free of charge, the right of access, rectification or deletion of my Personal Data pursuant to Section 14, subsection 3 of Law No. 25,326 (as amended), by communicating to the following e-mail address news@pagbam.com. The AGENCY FOR ACCESS TO PUBLIC INFORMATION, Control Body of Law No. 25,326, has the power to deal with complaints and claims filed by those affected in theirs right due to breach of the Personal Data legislation in force.
You must fill the checkbox to suscribe.