DLA Piper Argentina advises Province of Mendoza on the issuance of Class 1 CER Debt Securities and Class 2 CER Debt Securities

DLA Piper Argentina advised the Province of Mendoza in the issuance of (i) Class 1 CER Debt Securities in the amount of AR$37,314,776,000, with an issue price of AR$1.0178 per each security and maturity date of December 14, 2025; and (ii) Class 2 CER Debt Securities in the amount of AR$39,724,100,806, with an issue price of AR$0.9600 per each security and maturity date of March 14, 2027. Both Debt Securities were issued under the Prospectus dated March 11, 2024.

The principal of the Debt Securities will be adjusted according to the variation of the Stabilization Reference Coefficient, and they are secured with Federal Tax Co-Participation Regime resources.

The Province will use the net proceeds from the issuance of the Debt Securities to cancel debt amortization services provided for in the 2024 budget.

The DLA Piper Argentina team that advised the Province of Mendoza 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.