DLA Piper advises Argentina’s Province of Chubut on the issuance of treasury notes

DLA Piper advised Argentina’s Province of Chubut on the issuance of Series CXVI Class 1 and Class 2 treasury notes in an aggregate amount of approximately AR$23 billion.

Series CXVI Class 1 bears a dual fixed rate payable on each payment date equal to the higher of (i) a 31.76 percent annual nominal fixed rate and (ii) the Private TAMAR rate plus a 5.50 percent annual nominal margin, fully amortized at maturity on August 31, 2026.

Series CXVI Class 2 bears a dual fixed rate payable on each payment date equal to the higher of (i) a 31.15 percent annual nominal fixed rate and (ii) the Private TAMAR rate plus a 5.50 percent annual nominal margin, fully amortized at maturity on November 29, 2026.

The DLA Piper deal team in Argentina was led by Partner Justo Segura with assistance from Associate Federico Vieyra (both Buenos Aires).

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