IFLR1000

Province of La Rioja $200 million 9.75% high yield issue

17/2/2017
High-yield bond/note issue
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$ 200 million

Completed

17/2/2017

Overview:

  • The Province of La Rioja in Argentina has issued $200 million 9.75% notes due 2025 in the international capital markets.
  • The province will use the funds raised from this transaction to finance Parque Arauco SAPEM’s renewable energy projects.
  • UBS Securities acted as initial purchaser. 
  • Banco Voii and Puente Hnos acted as local placement agents.
  • The Bank of New York Mellon acted as trustee, paying agent and transfer agent.

Rani Mehta - Journalist 

Jurisdiction:

Argentina

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Government and public policy

Firms:
Bruchou & Funes de Rioja

Party: Province of La Rioja (Issuer)

Lawyer: José María Bazán

Cleary Gottlieb Steen & Hamilton

Party: Province of La Rioja (Issuer)

Lawyers: Andrés de la Cruz, Andrés de la Cruz, Emilio Minvielle

Skadden Arps Slate Meagher & Flom

Party: UBS Securities (Initial purchaser)

Party: Banco Voii (Placing agent)

Party: Puente Hnos (Placing agent)

Lawyer: Michael Zeidel

Tavarone Rovelli Salim & Miani

Party: UBS Securities (Initial purchaser)

Party: Banco Voii (Placing agent)

Party: Puente Hnos (Placing agent)

Lawyers: Juan Pablo Bove, Marcelo Tavarone

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