O’Farrell advised YPF Energía Eléctrica S.A. and TCA Tanoira Cassagne advised Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Banco Macro S.A., Macro Securities S.A., Banco Supervielle S.A., BNP Paribas Sucursal Buenos Aires, Industrial and Commercial Bank of China (Argentina) S.A.U, SBS Trading S.A., Allaria Ledesma & Cía S.A., Balanz Capital Valores S.A.U., TPCG Valores S.A.U., BACS Banco de Crédito y Securitización S.A., Nación Bursátil S.A. and Banco Patagonia S.A. as placement agents, in YPF Energía Electrica’s issuance of Series XI Notes for an aggregate value of US$15,000,000 due 2024; and Series XII Notes for an aggregate value of US$85,000,000 due 2026, both subscribed in-kind with Series IV, Additional Series IV and Series VIII Notes, under YPF Energía Electrica’s US$1,500,000,000 Global Medium-Term Notes Program.
Series XI Notes obtained a price of 108.38% of the face value. Therefore, its performance will be -4% TNA.
Series XII Notes obtained an interest rate of 0%.
The Series XI and XII Notes were listed on the MAE.
YPF Energía Eléctrica S.A. is an electrical power generation and trading company, subsidiary of YPF S.A. (75.01% share capital) and GE EFS Power Investments B.V. (24.99% share capital).
Legal counsel to YPF Energía Eléctrica S.A.:
O’Farrell: Partners Uriel F. O’Farrell and Sebastián Luegmayer; and Associate Maria Catalina Iglesias Paiz
In-house legal counsel to YPF Energía Eléctrica S.A.:
Carlos Dionisio Ariosa and José María Krasñansky.
Legal counsel to the Placement Agents:
TCA Tanoira Cassagne (TCA): Partners Alexia Rosenthal, Jaime Uranga; and Associates Ignacio Criado Díaz, Carolina Mercero, Agustín Astudillo and Matías Molina.
In-house legal counsel to the Placement Agents:
BACS Banco de Crédito y Securitización S.A.: Solange Spinelli and Pablo Vidal Raffo
