TCA Tanoira Cassagne advised on the issuance of Series I Treasury Notes of the Province of Río Negro

April 2023, 4

The Province of Río Negro (the "Province"), has successfully issued the Series I Treasury Notes maturing on March 20, 2024, with a nominal annual variable rate equivalent to the Badlar Rate plus a margin of 9.00%, for a total aggregate amount of AR$ 2,152,173,913 ("Treasury Notes Series I"), under the Province’s Global Treasury Notes Program for the year 2023, within the total aggregate amount of AR$ 12,000,000,000 or its equivalent in other currencies (the "Program"). The issue date of the Treasury Notes Series I was March 20, 2023.
Treasury Notes Series I were secured with the assignment of Federal Tax Co-Participation Regime.

Banco Patagonia S.A. acted as arranger and placement agent. Banco de Servicios y Transacciones S.A.; Banco Comafi S.A; Industrial Valores S.A.; Puente Hnos S.A.; BACS Banco de Crédito y Securitización S.A, Banco Hipotecario S.A. acted as Sub placement agents.

TCA Tanoira Cassagne participated as deal counsel, through a team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Teófilo Trusso, Juan Manuel Simó y Ana Lucía Miranda.