Milbank, Tweed, Hadley & McCloy LLP has represented the underwriters J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC in the US $510 million offering of notes by the Province of Córdoba in Argentina. This is the second offering of notes for the Province.
The Milbank team was led by partner Marcelo Mottesi, along with associates Don Canavaggio and Theo Hart and international attorneys Gonzalo Guitart and Claudia Paniague. 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 delighted to assist the initial purchasers in another issuance by the Province of Córdoba to the international markets. We expect the market to remain active and more significant capital markets deals in Argentina.”
Milbank has recently advised on several notable transactions in Argentina as it returned to the international capital markets, including 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.
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