News

23 July 2024

Series No. XLV Notes of CRESUD

Zang, Bergel & Viñes Abogados advised Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, as issuer (“Cresud” or the “Company”), in the issuance of Series No XLVI (Series No XLV” orthe “Notes”), under its Global Notes Program (not convertible into shares) for up to USD 500,000.000 (US Dollars five hundred million) (or its equivalent in other currencies or units of value).

Pérez Alati, Grondona, Benites & Arntsen advised  BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Balanz Capital Valores S.A.U., Macro Securities S.A.U., Banco de Galicia y Buenos Aires S.A.U., Banco Mariva S.A., Banco Patagonia S.A., Futuros y Opciones.com S.A., Banco Comafi S.A., Banco de la Provincia de Buenos Aires, SBS Trading S.A., Industrial and Commercial Bank of China (Argentina) S.A.U. and Puente Hnos. S.A., as placement agents of the Notes (jointly, the “Placement Agents”).

On July 18, 2024, Cresud successfully completed the placement and issuance of Series No XLVI for an aggregate of USD 28,553,518, which will bear a fixed interest rate of 1,50%, at an issuance price of 100% of face value, and will mature on July 18, 2027.

The offer was directed to qualified investors in the local market and the Notes have been authorized for listing on Bolsas y Mercados Argentinos S.A. and for trading on the Mercado Abierto Electrónico S.A.

Counsel to the Placement Agents

Pérez Alati, Grondona, Benites & Arntsen

Diego Serrano Redonnet, Alejo Muñoz de Toro, Juan Ignacio Rodríguez Goñi and Tamara Friedenberger.

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.