Shearman And Sterling

News March 16, 2016

Shearman & Sterling Advises on the Province of Buenos Aires’ $1.25 Billion Notes Offering

Shearman & Sterling represented Citicorp Capital Markets S.A., HSBC Bank Argentina S.A. and JPMorgan Chase Bank N.A., Sucursal Buenos Aires as initial purchasers, and Citigroup Global Markets Inc., J.P. Morgan Securities LLC and HSBC Securities (USA) Inc., as international purchasers, in connection with the issuance by the Province of Buenos Aires, a Province of the Republic of Argentina, of $1.25 billion principal amount of its 9.125% notes due 2024.

The Shearman & Sterling team included partner Antonia Stolper (New York-Capital Markets); associates Flavio Averbug (New York-Capital Markets), Jeffrey Tate (Washington, DC-Tax) and Adam Sternberg (Washington, DC-Tax); and visiting attorney Gizeh Polo (New York-Capital Markets).