Beccar Varela advised Tarjeta Naranja S.A. and to Banco de Galicia y Buenos Aires S.A.U. in the issuance of the Negotiable Obligations of Tarjeta Naranja Clase XLI, carried out in two series under the global program of issuance of negotiable obligations in the short, medium and / or long term of the entity, for a maximum amount in circulation of up to US $ 1,000,000,000 (or its equivalent in other currencies). Series I was issued for a nominal value of AR $ 854.102.222 and Series II for AR $ 343.555.000. In this issue, which took place on November 15, Tarjeta Naranja acted as issuer, while Banco Galicia as placement agent. Pérez Alati, Grondona, Benites & Arntsen advised Banco Santander Río S.A., as co-placement agent.
The expiration of the Negotiable Obligations Class XLI, Series I, will operate on November 15, 2019 (that is, 12 months from the date of issue), accruing interest at a fixed rate. The expiration of the Negotiable Obligations Class XLI, Series II, will take place on May 15, 2020 (18 months from the date of issue), accruing interest at a variable rate. FIX SCR S.A.These obligations have been called locally “A1 (ARG)” and “AA- (ARG)” respectively. They have been admitted for listing in Bolsas y Mercados Argentinos S.A. and authorized for negotiation in Mercado Mercado Electrónico S.A.
Advisors to Banco Santander Río
Pérez Alati, Grondona, Benites & Arntsen: partner Diego Serrano Redonnet, and associatess Nicolás Aberastury, Paula Balbi y Guido Meirovich.
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