IFLR1000

Province of Tierra del Fuego $200 million 8.95% note issue

17/4/2017
High-yield bond/note issue, Sovereign bond issue
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$ 200 million

Completed

17/4/2017

Overview:

  • The Province of Tierra del Fuego has issued $200 million in 8.95% notes in the international capital markets.
  • The notes are due 2027.
  • The province will use some of the proceeds from the issue to fund infrastructure work.
  • UBS Securities acted as joint lead manager and initial purchaser.
  • Puente Hnos acted joint lead manager and Argentine placement agent.
  • The Bank of New York Mellon acted as trustee. 

Rani Mehta  - Journalist 

Jurisdiction:

Argentina

Deal types:

High-yield bond/note issue
Sovereign bond issue

Practice area:

Capital markets : Debt

Industry sector:

Government and public policy

Firms:
Bruchou & Funes de Rioja

Party: Province of Tierra del Fuego (Issuer)

Lawyer: Alejandro Perelsztein

DLA Piper Argentina

Party: UBS Securities (Joint lead manager)

Party: Puente Hnos (Joint lead manager)

Lawyers: Justo Segura, Marcelo Etchebarne

Hogan Lovells

Party: The Bank of New York Mellon (Trustee)

Lawyer: Robert Ripin

Holland & Knight

Party: Province of Tierra del Fuego (Issuer)

Lawyer: Stephen Double

Linklaters

Party: UBS Securities (Joint lead manager)

Party: Puente Hnos (Joint lead manager)

Lawyer: Conrado Tenaglia

Pérez Alati, Grondona, Benites & Arntsen

Party: The Bank of New York Mellon (Trustee)

Lawyer: Alan Arntsen

Tavarone Rovelli Salim & Miani

Party: Banco de Valores (Collateral Agent)

Lawyer: Marcelo Tavarone

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