DECEMBER 11, 2017
Argentina’s Banco Ciudad makes landmark debt tap.
LATIN LAWYER
Estudio Beccar Varela has helped Banco Ciudad de Buenos Aires issue bonds worth 4.5 billion pesos (US$258 million), in the bank’s largest-ever debt tap.
The placement agents, Banco de Galicia y Buenos Aires, Industrial and Commercial Bank of China, Macro Securities and Puente Hnos, enlisted local firm Pérez Alati, Grondona, Benites, Arntsen & Martinez de Hoz. The deal was priced on 31 November.
The deal is thought to be one of the largest local capital markets issuances in Argentina this year.
Beccar Varela and Pérez Alati have previously teamed up for Banco Ciudad’s offerings.
Counsel to Banco Ciudad de Buenos Aires
Beccar Varela – Partners Javier Magnasco and Luciana Denegri and associate José Krasñansky.
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