News

9 February 2023

Series No. XV Notes and Series No. XVI Notes of IRSA Inversiones y Representaciones Sociedad Anónima

On January 31, 2023, IRSA successfully completed the placement and issuance of the Series No. XV for an aggregate of USD $61.748.700, which will bear a fixed interest rate of 8,00%, at an issuance price of 100% of face value, and will mature on March 25, 2025; and the placement and issuance of the Series No XVI for an aggregate of USD $28.251.300, which will bear a fixed interest rate of 7,00%, at an issuance price of 100% of face value, and will mature on July 25, 2025.

The offers werte directed to the local market and the Notes have been authorized for listing on Bolsas y Mercados Argentinos S.A. and for negotiation in the Mercado Abierto Electrónico S.A.

Pérez 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 Argentina S.A. Banco de la Provincia de Buenos Aires, Macro Securities S.A., Balanz Capital Valores S.A.U., Puente Hermanos S.A. Facimex Valores S.A., Banco Patagonia S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Bull Market Brokers S.A., Industrial Valores S.A., Petrini Valores S.A., Banco Supervielle S.A., Invertir Online S.A., SBS Trading S.A. and Cohen S.A. as placement agents of the Notes (the “Placement Agents”).

Zang, Bergel & Viñes Abogados advised IRSA Inversiones y Representaciones Sociedad Anónima ("IRSA" or the "Company") in the issuance of Series No XV (“Series No XV”) and Series No XVI (“Series No XVI” and together with the Series No XV, the "Notes") transaction, under its Global Notes Program (not convertible into shares) for up to USD 7500,000.000 (US Dollars seven hundred and fifty million) (or its equivalent in other currencies or units of value).

Counsel to the Placement Agents

Pérez Alati, Grondona, Benites & Arntsen acted as legal advisor to the placement agents through Diego Serrano Redonnet, Alejo Muñoz de Toro, Nahuel Perez de Villarreal and Mora Mangiaterra Pizarro.

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