DLA Piper advises Province of Buenos Aires on issuance of public debt securities

DLA Piper advised the Province of Buenos Aires, Argentina, in connection with its issuance of public debt securities in the aggregate principal amount of AR$113 billion (the “TAMAR Notes”), maturing in 2027, and CER-adjustable peso-denominated public debt securities maturing in 2028, in the aggregate principal amount of AR$203 billion (the “CER Notes”).

The Province of Buenos Aires will use the net proceeds to finance public investment projects currently underway or expected to commence and to repay public debt obligations. The debt securities, which mature on April 30, 2027, will be repaid in full at maturity and will accrue interest at a rate equal to the TAMAR rate plus a fixed margin of 7 percent per annum.

The DLA Piper team representing the Province of Buenos Aires included Partner Justo Segura and Associates Federico Vieyra and Ignacio Comparato, all based in Buenos Aires.

DLA Piper’s Latin America team offers full-service business legal counsel to domestic and multinational companies with interests and operations throughout the region. Our integrated approach combines local knowledge with the resources of DLA Piper’s global platform. With more than 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico, together with our US-based cross-border attorneys, our teams frequently collaborate with colleagues across the Latin America region, the Iberian Peninsula, and around the world. DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to serve clients’ legal and business needs, whether they are based in Latin America or seeking to do business there. For more information, visit Latin America | DLA Piper.