Shearman And Sterling

News May 23, 2016

Shearman & Sterling Advises Underwriters on Banco Hipotecario’s Notes Offering

Shearman & Sterling represented Itau BBA USA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers in connection with the offering by Banco Hipotecario S.A. (“Banco Hipotecario”) of US$150 million 9.750% notes due 2020 under its US$800 million global note program. The notes will be part of the same series as, and will be fungible with, US$200 million aggregate principal amount of our 9.750% notes due 2020, Series No. 29 that Banco Hipotecario issued on November 30, 2015.

Established in 1886 by the Argentine government and privatized in 1999, Banco Hipotecario is a full-service, inclusive commercial bank, offering a wide range of banking products and activities and related financial services to individuals, small and medium-sized companies and large corporations.

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