DLA Piper advised the Province of Chubut on the issuance of US$650 million in international debt securities due 2036, as well as on a cash tender offer for the outstanding US dollar-denominated secured notes due 2030.
The Debt Securities were issued on April 29, 2026 and bear interest at a 9.450% nominal annual rate. The Province plans to use the proceeds to buy back some of the BOCADE Public Securities maturing in 2030 and to fund infrastructure projects and public works. This includes optimizing the Lago Musters–Comodoro Rivadavia, Rada Tilly, and Caleta Olivia Regional Aqueduct, as well as supporting related projects and purchasing equipment and instruments needed to open the High Complexity Hospital of Trelew “María Humphreys.”
The DLA Piper team comprised of Partners Joshua Kaufman (New York), Marcelo Etchebarne, Justo Segura, Of Counsel Nicolás Teijeiro, and Associates Daiana Suk, Federico Vieyra, Ignacio Comparato and Martina Miret (all Buenos Aires).
