Banco Hipotecario $150 million notes offering

23/5/2016
Investment grade bond/note issue

Af 150 million

Completed

23/5/2016


Overview:

  • Banco Hipotecario has issued $150 million of notes in the local and international capital markets.
  • This was part of an $800 million global note program.
  • Merrill Lynch and Itau BBA USA Securities acted as initial purchasers while Banco Itaú Argentina and BACS Banco de Crédito & Securitización acted as placement agents.
  • Zang Bergel & Viñes (Carolina Zang, Carolina Arroyo) and Simpson Thacher & Bartlett (David Williams) advised the issuer.
  • Shearman & Sterling (Antonia Stolper) and Salaverri Dellatorre Burgio & Wetzler Malbran (Roberto Lizondo) advised the placement agents and initial purchasers.

Rani Mehta - Journalist - Latin America

Jurisdiction:

Argentina

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Banking


Firms:

Party: Merrill Lynch Pierce Fenner & Smith (Initial purchaser)

Party: Itau BBA USA Securities (Initial purchaser)

Party: BACS Banco de Crédito y Securitización (Placing agent)

Party: Banco Itaú Argentina (Placing agent)

Lawyer: Roberto Lizondo


Party: Merrill Lynch Pierce Fenner & Smith (Initial purchaser)

Party: Itau BBA USA Securities (Initial purchaser)

Party: BACS Banco de Crédito y Securitización (Placing agent)

Party: Banco Itaú Argentina (Placing agent)

Lawyer: Antonia Stolper


Party: Banco Hipotecario (Issuer)

Lawyer: David Williams


Party: Banco Hipotecario (Issuer)

Lawyer: Carolina Zang