Beccar Varela advises FCA Compañía Financiera on Class XVII Notes’ issuance.
CIRCULAR
Buenos Aires, 08.14.2020. Beccar Varela advised FCA Compañía Financiera S.A. on the issuance of notes Class XVII, carried out on August 13th, 2020, in two series under the Frequent Issuer regime and the Company’s Prospectus: Series I, denominated in Pesos, issued for a nominal value of $250 million, and Series II, denominates in UVAs, issued for the nominal value of UVAs 13.314.397, equivalent to almost $750 million.
Series I due date will be on August 13th, 2021, and will accrue interest at a floating rate, equivalent to a private Badlar rate plus a cut-off margin of 1.47%. Series II due date will take place on August 13th, 2022, accruing interest at an annual fixed rate of 2.25%.
Locally, FIX SCR S.A. Agente de Calificación de Riesgo rated Series I Notes “A+(arg)” and Series II “AA(arg)”. Both series of Notes are listed at Bolsas y Mercados Argentinos S.A. and Mercado Abierto Electrónico S.A.
FCA Compañía Financiera S.A. acted as issuer, while Banco de Galicia y Buenos Aires S.A. and Banco BBVA Argentina S.A. as placement agents. All parts involved in this issuance have been advised by Beccar Varela (team led by Luciana Denegri, assisted by María Victoria Pavani and María Inés Cappelletti).