DLA Piper Argentina advises the Province of Mendoza in the issuance of Debt Securities  

DLA Piper Argentina advised the Province of Mendoza (the Province) in the issuance of (i) Class 1 TAMAR Debt Securities in the amount of AR$32,952,029,000, maturity date of June 20, 2026; and (ii) Class 2 TAMAR Debt Securities in the amount of AR$23,820,000,000, with maturity date of December 20, 2026. Both Debt Securities were issued under the Prospectus dated March 14, 2025.

The Debt Securities will accrue interest on a quarterly basis and are secured with Federal Tax Co-Participation Regime resources. The Province will use the net proceeds from the issuance of the Debt Securities to cancel debt amortization services provided in the 2025 Budget Law.

Banco de Galicia y Buenos Aires S.A.U., Macro Securities S.A.U., Max Capital S.A. and Puente Hnos S.A., acted as placement agents of the transaction. DLA Piper Argentina and Bruchou & Funes de Rioja acted as co-counsel for the Province.

The DLA Piper team included partner Justo Segura and associates Federico Vieyra and Mariana Carbajo (all in Buenos Aires).

DLA Piper in Latin America’s team offers full-service business legal counsel to domestic and multinational companies with interests in and operations throughout the region.  Our integrated approach to serving clients combines local knowledge with the resources of the DLA Piper global platform.

With more than 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico, in addition to our US-based cross-border attorneys, its teams serve clients throughout the LatAm region, Iberian Peninsula, and around the globe.  DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to meet our clients’ legal and business needs, whether they are based in Latin America or wish to do business there.

For more information, visit Latin America | DLA Piper