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12 June 20232 minute read

DLA Piper Argentina advises on the issuance of new Treasury Notes by the Province of Chubut

DLA Piper advised the Province of Chubut (the Province) on the issuance of Series CII Treasury Notes Class 1 and 2 for a total aggregate amount of AR$2,685,822,000 under the Province's Treasury Notes Issuance Program.

The Series CII Treasury Notes Class 1 and Class 2 mature on June 21, 2023, and August 22, 2023, respectively. Principal is payable entirely at maturity and interest will accrue at the higher of: (i) a fixed annual nominal rate; and (ii) the sum of the BADLAR rate plus a fixed margin determined in the bidding process.

The DLA Piper Argentina team that advised the Province of Chubut was led by partner Justo Segura and included associates Federico Vieyra and Marcelo Ra (all of 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 over 450 lawyers practicing throughout Argentina, Brazil, Chile, Colombia, 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