DLA Piper advises Argentina’s Province of Rio Negro on the issuance of Treasury Notes

DLA Piper advised the Province of Rio Negro on the issuance of Series I Treasury Notes for an aggregate nominal amount of AR$69.8 billion.

The notes were issued for AR$69,895,900,000, maturing on September 24, 2027, and bearing quarterly interest at a variable nominal annual rate equal to the TAMAR Rate plus a margin of 7.00%.

DLA Piper served as transaction counsel, advising the Province of Rio Negro, the arranger and placement agent, and the sub-placement agents.

The DLA Piper team included Partner Justo Segura and Associates Federico Vieyra, Ignacio Comparato, and Martina Mastandrea (all Buenos Aires).

DLA Piper’s Latin America team offers full-service business legal counsel to domestic and multinational companies with interests and operations throughout the region. Our integrated approach combines local knowledge with the resources of DLA Piper’s global platform. With more than 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico, together with our US-based cross-border attorneys, our teams frequently collaborate with colleagues across the Latin America region, the Iberian Peninsula, and around the world. DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to serve clients’ legal and business needs, whether they are based in Latin America or seeking to do business there. For more information, visit Latin America | DLA Piper.