Simpson Thacher recently represented J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., as the initial purchasers, in connection with an inaugural bond offering of the Province of Santa Fe, a province of the Republic of Argentina (“Argentina”). The Province of Santa Fe issued US$250 million of its 6.9% notes due 2027 in reliance on Rule 144A and Regulation S.
The Province of Santa Fe, the third most populous in Argentina, is the leader in dairy products production among Argentina’s provinces and also originates a significant portion of Argentina's manufacturing products related to the agricultural sector. The Province of Santa Fe has a diverse array of services (including tourism, scientific innovation and technology, among others).
The Simpson Thacher team for the Province of Santa Fe transaction included Juan Francisco Mendez, Juan Naveira, Eduardo Goldberg, Kirsten A. Harmon and International Associate Juan Carlos Balmaceda (Corporate); Michael Badain (Tax).
Simpson Thacher also recently represented BNP Paribas Securities Corp and UBS Securities LLC, as the initial purchasers, in connection with an inaugural bond offering of the Province of Chaco, another province of Argentina. The Province of Chaco issued US$250 million of its 9.375% notes due 2024 in reliance on Rule 144A and Regulation S.
The Province of Chaco, the tenth most populous in Argentina, is Argentina’s second largest cotton producer and is among its most important soy, sunflower, corn and sorghum growing provinces.
The Simpson Thacher team for the Province of Chaco transaction included David L. Williams, Juan Francisco Mendez, Eduardo Goldberg, Kirsten A. Harmon, International Associate Juan Carlos Balmaceda and Summer Associate Juan J. Gonzalez (Corporate); and Jonathan Cantor and Sophie A. Staples (Tax).