Press Release
May 19, 2016

Province of Mendoza, Argentina Issues $500 Million in Bonds

NEW YORK (May 19, 2016) – Holland & Knight, together with the law firm of Cabanellas, Etchebarne & Kelly, has advised the Province of Mendoza, Argentina in connection with the offer and sale of $500 million of 8.375% senior unsecured notes due 2024. Citibank Global Markets Inc. and Credit Suisse Securities (USA) LLC acted as joint bookrunners on the offering and were advised by Linklaters and Salaverri, Dellatorre, Burgio & Wetzler Malbran. The offering closed on May 19.

The notes were offered and sold in the U.S. to qualified institutional buyers pursuant to Rule 144A and outside the U.S. pursuant to Regulation S, in each case under the U.S. Securities Act of 1933. The notes are listed on the Luxembourg Stock Exchange and admitted for trading on the Euro MTF.

The offering continued the trend of Argentine sovereign issuers successfully returning to the international capital markets in recent months, including offerings by the Republic of Argentina and the Province of Neuquén.

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