27 July 2023

Tarjeta Naranja S.A.U.'s new issuance of Notes 

On July 27, 2023, Tarjeta Naranja S.A.U. ("Tarjeta Naranja") issued class LIX Notes simple, non-convertible into shares, unguaranteed, for a total nominal amount of AR$ (the “Class LIX Notes”).

The Class LIX Notes, maturing on July 27, 2024, will accrue interest at a floating rate, equivalent to the private Badlar rate plus a cut-off margin of 5.00% (with a minimum rate of 100% for the first coupon payment), and will amortize its principal in one payment on its maturing date.

The Class LIX Notes have been locally rated “A1(arg)” by FIX SCR S.A. on July 24. In addition, they were admitted for listing in Bolsas y Mercados Argentinos S.A. and authorized for trading in the Mercado Abierto Electrónico S.A. 

In the issuance of the Class LIX Notes, Banco de Galicia y Buenos Aires S.A.U. acted as organizer and placement agent, while Macro Securities S.A.U., Banco Santander Argentina S.A., Banco Patagonia S.A., and Nuevo Banco de Santa Fe S.A. acted as placement agents (the “Placement Agents”). 

Advisors to the Placement Agents:

Pérez Alati, Grondona, Benites & Arntsen: Partner Diego Serrano Redonnet. Associates Alejo Muñoz de Toro, Mora Mangiaterra Pizarro and Juan Ignacio Rodriguez Goñi.

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.


* 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 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.