Milbank LLP advised the initial purchasers and dealer managers in connection with the offering by the Province of Córdoba of $725 million aggregate principal amount of 9.750% notes due 2032, and an offer to purchase any and all of its 7.450% step-up notes due 2027.
Marcelo Mottesi, chair of the firm’s Corporate Finance and Securities practice and co-head of the firm’s Latin America group, said, “Milbank is pleased to have once again advised the initial purchasers and dealer managers on another successful offering by the Province of Córdoba. We hope that this important transaction will open the door for other Argentine provinces to access the international capital markets.”
This is another in a string of transactions by Argentine issuers handled by Milbank, including recent issuances by Banco Galicia, Pluspetrol and Arcos Dorados.
The Milbank team was led by Mr. Mottesi with Corporate Finance and Securities special counsel Gonzalo Guitart, associate Agustin Videla and international attorney Ernesto de la Peña. The deal team also included Tax partner Andrew Walker and associate Michelle Song.
