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