1 June 2026 • 2 minute read
DLA Piper advises Province of Chubut on AR$45.5 billion debt issuance
DLA Piper advised the Province of Chubut on the issuance of series CXVIII Class 2 Treasury Notes for an aggregate principal amount of AR$45.5 billion in debt secured notes due 2026.
The debt securities were issued on May 20, 2026 and were structured with a dual fixed-rate mechanism, accruing interest at the higher of (i) a 27.00% nominal annual fixed rate or (ii) the Private TAMAR Rate plus a fixed spread of 5.50% nominal annual. The debt securities will be fully amortized at maturity on September 21, 2026.
The DLA Piper team was comprised of Partner Justo Segura and Associates Federico Vieyra, and Ignacio Comparato (all 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.
The debt securities were issued on May 20, 2026 and were structured with a dual fixed-rate mechanism, accruing interest at the higher of (i) a 27.00% nominal annual fixed rate or (ii) the Private TAMAR Rate plus a fixed spread of 5.50% nominal annual. The debt securities will be fully amortized at maturity on September 21, 2026.
The DLA Piper team was comprised of Partner Justo Segura and Associates Federico Vieyra, and Ignacio Comparato (all 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.