Beccar Varela advises Banco Galicia on class VIII notes issuance
PRESS RELEASE
Buenos Aires, December 2, 2020. Beccar Varela advised Banco de Galicia y Buenos Aires S.A.U. on Class VIII notes issuance, worth AR$1.589.722.222, in accordance with the company’s Prospectus for the issuance in tranches for a maximum nominal value of up to US$ 2.100.000.000 (US dollars two thousand one hundred million), under the Frequent Issuer Regime. In this issuance, Banco Galicia acted as issuer and placement agent.
Class VIII notes issuance took place on November 20, 2020. They will accrue interest at a floating rate, equivalent to Private Badlar rate plus cut off margin of 2,25%. Their maturity date will be on August 20, 2021.
On November 16, 2020, Class VIII notes were locally rated “A1+(arg)”. Their authorization to be listed and marketed at Bolsas y Mercados Argentinos S.A. and at Mercado Abierto Electrónico S.A. has already been asked. These notes are eligible by Euroclear Bank S.A./N.V.
Counsel to Banco Galicia
Beccar Varela: partner Luciana Denegri and associates María Victoria Pavani and María Inés Cappelletti.