Luz de Tres Picos’ $77.5 Million Green Notes Offering

Bruchou, Fernández Madero & Lombardi advised Luz de Tres Picos on the deal.
Tanoira Cassagne advised the underwriters.

Argentine wind farm operator Luz de Tres Picos said executed its offering of $77.5 million Serie 2 and 3 US dollar-linked green bonds in the local market, coming up short of the $90 million maximum it had sought to finance the construction of two wind parks.

Banco Itaú Argentina S.A., Banco de Galicia y Buenos Aires S.A.U., Banco BBVA Argentina S.A., Banco Santander Argentina S.A.,  Itaú Valores S.A., Industrial and Commercial Bank of China S.A.U, and Nación Bursátil S.A. acted as underwriters on the offering.

Luz de Tres Picos operates as a unit of the Argentine energy and cement company Petroquímica Comodoro Rivadavia (PCR)

Bruchou, Fernández Madero & Lombardi advised  Luz de Tres Picos on the deal with a team including José María Bazán (Picture), Manuel Etchevehere and Delfina Calderale.
Tanoira Cassagne advised the underwriters with a team including Alexia Rosenthal, Jaime Uranga, Rocío Carrica, Pilar Domínguez Pose, Rodrigo Cordoba and Carolina Mercero.

Involved fees earner: José María Bazán – Bruchou, Ferna?ndez Madero & Lombardi; Delfina Calderale – Bruchou, Ferna?ndez Madero & Lombardi; Manuel Etchevehere – Bruchou, Ferna?ndez Madero & Lombardi; Rocío Carrica – Tanoira Cassagne; Rodrigo Córdoba – Tanoira Cassagne; Pilar María Domínguez Pose – Tanoira Cassagne; Carolina Mercero – Tanoira Cassagne; Alexia Rosenthal – Tanoira Cassagne; Jaime Uranga – Tanoira Cassagne;

Law Firms: Bruchou, Ferna?ndez Madero & Lombardi; Tanoira Cassagne;

Clients: Banco de Galicia y Buenos Aires S.A.; Banco Itaú Argentina S.A.; Banco Santander Sa; BBVA Argentina (BBVA); Industrial and Commercial Bank of China; Itaú Valores S.A.; Luz de Tres Picos, S.A.; Nación Bursátil S.A.;

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Author: Ambrogio Visconti