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News Jul 20, 2017

Shearman & Sterling Advises on the Province of Buenos Aires’ €500 Million Notes Offering

Shearman & Sterling represented Deutsche Bank AG, London Branch, HSBC Bank Argentina S.A. and Santander Río Valores S.A., as initial purchasers, and Deutsche Bank AG, London Branch, Banco Santander, S.A. and HSBC Securities (USA) Inc., as international purchasers, in connection with the Province of Buenos Aires’ (a Province of the Republic of Argentina) issuance of €500 million of its 5.375% notes due 2023. This is the first time the Province has accessed the Euro market since before the Argentina crisis in 2002.

The Shearman & Sterling team included partner Antonia Stolper (New York-Capital Markets); counsel Alejandro Gordano(London-Capital Markets) and Jeffrey Tate (Washington, DC-Tax); associates Adam Sternberg (New York-Tax), Aysuria Chang (London-Financial Institutions Advisory and Financial Regulatory Group); and visiting attorney Maria Constanza Martella (New York-Capital Markets).