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Simpson Thacher Represents Initial Purchasers in US$250 Million Bond Offering by the Province of Santa Fe

04.05.17

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 a 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 7% notes due 2023 in reliance on Rule 144A and Regulation S.

The Province of Santa Fe is the third most populous in Argentina, it 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, Eduardo Goldberg, Kirsten A. Harmon and International Associate Juan E. Vial (Corporate).