FEBRUARY 23, 2022

Beccar Varela advises on Banco de Galicia’s Class XI Notes’ issuance.



Buenos Aires, February 22nd, 2022. On February 17th, Banco de Galicia y Buenos Aires S.A.U. issued Class XI Notes payable in Pesos, for a total nominal amount of AR$4,487,222,222. The issuance was made under the Regular Issuer Regime.

Class XI Notes, maturing on August 17th, 2022, will accrue interest at a floating rate, equivalent to the private Badlar rate plus a cut-off margin of 1.49% and will amortize its principal in one payment on the maturing date.

In addition, Class XI Notes have been locally rated “A1+(arg)” by FIX SCR S.A. on February 11th, were admitted for listing on Bolsas y Mercados Argentinos S.A. and authorized for trading at Mercado Abierto Electrónico S.A.

In the issuance of Class XI Notes, Banco de Galicia y Buenos Aires S.A.U. acted as issuer and placement agent, whilst Galicia Securities S.A. acted as placement agent. All parties involved were advised by Beccar Varela’s team, led by Luciana Denegri, assisted by María Victoria Pavani, Julián Ojeda, Tomás Cappellini and María Belén Tschudy.