July 11, 2017

Milbank Once Again Represents the Underwriters in the Province of Córdoba’s US $450 Million Bond Offering

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Milbank, Tweed, Hadley & McCloy LLP has once again represented the initial purchasers J.P. Morgan Securities LLC and HSBS Securities (USA) LLC in the US $450 million offering of notes due 2027 by the Province of Córdoba in Argentina.  This is the second offering of notes for the Province and the proceeds will be used to assist in the financing of its gas pipeline construction projects.

The Milbank team was led by partner Marcelo Mottesi, along with associates Don Canavaggio and international attorney Gonzalo Guitart. The team also included Tax partner Andrew Walker and associate Jules Mugema.

Mr. Mottesi, head of Milbank’s Global Capital Markets practice and co-head of the firm’s Latin America Group, said: “Milbank is pleased to once again assist the initial purchasers on another bond issuance by the Province of Córdoba.” 

In the past year, in addition to a previous bond offering by the Province of Córdoba, Milbank advised on several notable transactions in Argentina, including the bond offering by the Province of Chubut, Pampa’s acquisition of Petrobras Argentina, the first peso-linked issuance in 10 years for energy company YPF, and the first subordinated notes offering in the US capital markets subsequent to Argentina’s transition to Basel III by Banco de Galicia y Buenos Aires S.A.

About Milbank

Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.

Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.