The Province of Buenos Aires Issues Notes Totaling $1.5 Billion

February 15, 2017

Cleary Gottlieb represented long-time client the Province of Buenos Aires, a province of the Republic of Argentina, in a $750 million Rule 144A/Reg S new bond offering of its 6.500 percent notes due 2023 and a $750 million Rule 144A/Reg S reopening of its 7.875 percent notes due 2027.

The offering of the notes, for which BBVA, BNP Paribas and J.P. Morgan served as joint bookrunners and Banco de la Provincia de Buenos Aires acted as local co-manager, priced on February 8, 2017, and closed on February 15, 2017.

The notes were listed on the Luxembourg Stock Exchange and admitted to trade on the Euro MTF market of the exchange.