Transactions

Capital Markets
Securities: Equity & Debt

Equity

  • Pampa Energía S.A. and the holders of certain warrants issued by Pampa Energía S.A. in the issuance of common shares (in the form of ADSs) representing 22.5% of Pampa’s capital stock (worth US$328.1 million) and subsequent offering by the warrant holders of a portion of 4,000,000 ADSs (100,000,000 common shares) in the US, pursuant to a registration statement filed with the SEC, where Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as underwriter (2015)
  • Petrolera Pampa S.A. as issuer, in the Initial Public Offering of 59,700,000 book-entry common shares, representing 50% of its share capital. (2014)
  • Socotherm Americas S.A. in the public offering of 180,000,000 shares of its capital stock. (2011)
  • Pampa Energía S.A. in the initial public offering of shares of its capital stock in the New York Stock Exchange. (2009)
  • Pampa Energía S.A. in its public offer for the acquisition of its own shares. (2008)
  • Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in its public offer for the acquisition of its own shares. (2008)
  • Pampa Energía S.A. in its public offer for the acquisition of shares for an amount of AR$1,338 million (US$431 million). (2007)
  • Pampa Energía S.A. in its public offer of 600,000,000 shares of its capital stock. (2007)
  • Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in the initial public offering of shares of its capital stock in the Buenos Aires Stock Exchange and the New York Stock Exchange. (2007)
  • Pampa Energía S.A. in its public offer of 300,000,000 shares of its capital stock. (2006)
  • Pampa Energía S.A. in the issuance of stock options (“warrants”) representing 20% of its capital stock to its officers. (2006)


  • Debt

  • Goldman Sachs & Co. LLC as Global Cordinator and Bookrunner and BofA Merrill Lynch as Joint Bookrunner in respect of Banco Macro S.A. primary follow-on offering of 74,000,000 Class B ordinary shares and American Depositary Shares ("ADSs") (2017)
  • HSBC Securities (USA) Inc. and JP Morgan Securities LLC as initial purchasers in the offering of the Province of Cordoba notes for US$450 million (2017)
  • Citigroup Global Markets Inc. and Santander Investments Securities Inc. as initial purchasers in the offering of the Province of Neuquén notes for US$366 million (2017)
  • Puente Hnos. S.A., Banco de Servicios y Transacciones S.A. and AdCap Securities Argentina S.A. as placement agents in the offering of the Province of Mendoza notes for AR$ 5,218,752,500 (approximately US$290 million) (2017)
  • Crédito Directo S.A. as issuer, Banco Mariva S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A. and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as arranger, in respect of Crédito Directo’s offering of AR$98 million Series IX and AR$100 million Series X Senior Unsecured Short-Term Notes (2017)
  • Crédito Directo S.A. as issuer, Banco CMF S.A., Banco de Servicios y Transacciones S.A., Banco Mariva S.A., Allaria Ledesma & Cía. S.A., Balanz Capital Valores S.A.U and Puente Hnos. S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as arranger, in respect of Crédito Directo’s offering of AR$100 million Series XI, Senior Unsecured Short-Term Notes (2017)
  • Credit Suisse Securities (USA) LLC, J.P. Morgan Securities PLC and BCP Securities, LLC, as initial purchasers in respect of Banco Hipotecario S.A. offering of AR$ 6,300 million (approximately US$ 350 million) Notes Series No.48 due 2022 (2017)
  • BBVA Securities Inc. and Merryll Lynch, Pierce, Fenner and Smith as initial purchasers in the offering of the Province of Rio Negro notes for US$300 million (2017)
  • Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and UBS Securities LLC., as initial purchasers, and J.P. Morgan Chase Bank NA, Sucursal Buenos Aires, BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A. and Industrial and Commercial Bank of China (Argentina) S.A. as local placement agents, in respect of Generación Mediterránea S.A., Generación Frías S.A. and Central Térmica Roca S.A. reopening of its 9,625% Senior Secured Notes due 2023 (2017)
  • Credit Suisse Securities, Itau BBA USA Securities and JP Morgan Securities, as initial purchasers, in respect of AES Argentina Generación offering of US$300 million notes (2017)
  • J.P Morgan Securities LLC and Morgan Stanley & Co. LLC, as initial purchasers, in respect of the Province of Cordoba offering of its US$510 million notes (2017)
  • Crédito Directo S.A. as issuer, Banco Mariva S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A. and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as arranger, in respect of Crédito Directo’s offering of AR$75 million Series VIII Senior Unsecured Short-Term Notes (2017)
  • Deutsche Bank Securities Inc., Santander Investment Securities Inc., and BCP Securities LLC, as joint book-running managers, in respect of Banco Hipotecario S.A. reopening of its 9.750% Notes Series No.29 Due 2020 (2016)
  • Petrolera Pampa S.A., as issuer of AR$403.3 million class 8 notes under its US$250 million global program and BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Industrial and Commercial Bank of China (Argentina) S.A., Balanz Capital Valores S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., and SBS Trading S.A. as placement agents (2016)
  • Goldman Sachs and UBS Securities, as joint lead bookrunners, in respect of Banco Macro S.A. offering of US$ 400 million 6,750% Subordinated Resettable Notes due 2026, under its note programme for an amount of up to US$1,000,000,000 (2016)
  • Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and UBS Securities LLC., as initial purchasers, and J.P. Morgan Chase Bank NA, Sucursal Buenos Aires, as local placement agent, in respect of Generación Mediterránea S.A., Generación Frías S.A. and Central Térmica Roca S.A. offering of their US$250 million co-issuance of the Senior Secured Notes due 2023 (2016)
  • J.P Morgan Securities LLC and Morgan Stanley & Co. LLC, as initial purchasers, and Puente Hnos. S.A., as co-manager, in respect of the Province of Córdoba offering of its US$ 725 million – 7.125% Notes due 2021 (2016)
  • Pampa Energía S.A., in its US$750 million – 7.5% Series 1 Notes due 2027, in which Deutsche Bank Securities, Citigroup, Credit Agricole CIB and Santander acted as initial purchasers, and BACS Banco de Crédito y Securitización, Banco Hipotecario, Banco de Galicia y Buenos Aires and Industrial and Commercial Bank of China (Argentina) acted as local placement agents (2016)
  • Deutsche Bank Securities Inc., Santander Investment Securities Inc., and BCP Securities in respect of Banco Hipotecario S.A. offering of AR$ 6.078.320.000 (approximately US$ 400 million) Notes Series No.40 due 2020 (2016)
  • Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC as initial purchasers in respect of the Province of Mendoza offering of US$ 500 million – 8,375% Notes due 2024 (2016)
  • Citicorp Capital Markets Inc., Citigroup Global Markets Inc. and JP Morgan Securities LLC, as initial purchasers, in respect of IRSA Propiedades Comerciales S.A. offering of US$ 360 million Notes due 2023 (2016)
  • JP Morgan Securities LLC and Citigroup Global Markets Inc. as dealer managers for the launching of a cash tender offer initiated for IRSA Propiedades Comerciales S.A. class 1 outstanding notes and IRSA Inversiones y Representaciones S.A. class 1 and class 2 outstanding notes (2016)
  • Petrolera Pampa S.A., as issuer in the offering of its AR$309.8 million Series 7 floating rate Senior Unsecured Notes due 2017 under its US$250 million global program and BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Balanz Capital S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Raymond James Argentina S.A. and SBS Trading S.A. as placement agents (2016)
  • Crédito Directo S.A. as issuer, Banco Mariva S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A. and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as arranger in respect of Crédito Directo’s offering of AR$75 million Series VII Senior Unsecured Short-Term Notes (2016)
  • Banco de Galicia and Buenos Aires S.A. and BBVA Banco Francés S.A. as placement agents in connection with Toyota Compañía Financiera de Argentina S.A. offering of AR$ 170 million Notes due 2018 (2016)
  • Petrolera Pampa S.A. as issuer of AR$295.7 million Series 14 floating rate Senior Unsecured Short-Term Notes due 2017 under its US$70 million VCPs global program and BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Industrial and Commercial Bank of China (Argentina) S.A., AdCap Securities Argentina S.A., Balanz Capital S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Raymond James Argentina S.A. and SBS Trading S.A. as placement agents (2016)
  • Central Térmica Güemes S.A., BACS Banco de Crédito y Securitización, Banco Hipotecario, Banco de Servicios y Transacciones, SBS Trading, Puente Hnos. and Balanz Capital Valores in respect of Central Térmica Güemes’ offering of its AR$172 million floating rate Senior Unsecured Notes due 2018 and its US$1,4 million 7% Senior Unsecured Notes due 2020 (2016)
  • Merrill Lynch, Pierce, Fenner & Smith and Itau BBA Securities Inc. as initial purchasers and Banco Itaú Argentina S.A. y BACS Banco de Crédito y Securitización S.A. as placement agents in the offering of Banco Hipotecario S.A. notes for US$150 million (2016)
  • Genneia S.A. as issuer of AR$462.2 million class XIX notes under its US$400 million global program and Banco Itaú Argentina S.A., Macro Securities S.A. and Industrial and Commercial Bank of China (Argentina) S.A. as placement agents (2016)
  • Crédito Directo S.A., as issuer, Banco Mariva S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A. and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as arranger in respect of Crédito Directo’s offering of AR$69.5 million Series VI floating rate Senior Unsecured Short-Term Notes (2016)
  • Grupo ST S.A. as issuer and Banco de Servicios y Transacciones S.A. as placement agent, in the admittance to public offering regime, the creation of a Global Notes Program for an amount of up AR$500 million and the issuance of class 1 notes for an aggregate amount of AR$75 million (2016)
  • Central Térmica Loma de la Lata S.A. as issuer of AR$575.2 million class E notes under its US$ 350 million global program, and BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de Servicios y Transacciones S.A. and ICBC Industrial and Commercial Bank of China (Argentina) S.A. as placement agents (2015)
  • Central Térmica Loma de la Lata S.A. as issuer of AR$282.4 million class A notes under its US$ 350 million global program (2015)
  • BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A. and ICBC Industrial and Commercial Bank of China (Argentina) S.A. as placement agents in the offering of Genneia S.A. class XVI notes for AR$48.9 million and class XVII notes for US$10.2 million under its US$400 million global program (2015)
  • Banco Itaú Argentina S.A. as placement agent in the offering of Quickfood S.A. class VII notes for AR$101.3 million and class VIII notes for AR$195.9 milliones, guaranteed by BRF S.A. (2015)
  • Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A. and BACS Banco de Crédito y Securitización S.A. as placement agents, in the offering of clas 11 short-term notes for AR$89.9 million (2015)
  • Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A. and BACS Banco de Crédito y Securitización S.A. as placement agents, in the offering of class 7 short-term notes for AR$137 million (2015)
  • Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A. and BACS Banco de Crédito y Securitización S.A. as placement agents, in the offering of AR$49.9 million class 6 notes under its US$125 million global program (2015)
  • Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A. and BACS Banco de Crédito y Securitización S.A. as placement agents, in the offering of AR$51 million class 4 notes and US$18.5 million class 5 notes under its US$125 million global program (2015)
  • Central Térmica Güemes S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Industrial and Commercial Bank of China (Argentina) S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A., Advanced Capital Securities S.A. and BACS Banco de Crédito y Securitización S.A. as placement agents, in the offering of AR$91 million series 6 notes under its US$50 million global program (2015)
  • Industrial and Commercial Bank of China (Argentina) S.A., as arranger and placement agent, and  Banco Itaú Argentina S.A., BBVA Banco Francés S.A. and HSBC Bank Argentina S.A. as placement agents, in the offering of AR$246.2 million class 3 notes issued by Petroquímica Comodoro Rivadavia S.A. (an oil and gas company) (2015)
  • Petrolera Pampa S.A. in its offering of Series 2 Notes worth AR$525.362.500, in respect of which BACS Banco de Crédito y Securitización S.A., Banco de Galicia y Buenos Aires S.A., Banco de Servicios y Transacciones S.A., Citicorp Capital Markets S.A., Advanced Capital Securities S.A., Puente Hnos. MAE S.A., Raymond James Argentina S.A. and SBS Trading S.A. acted as placement agents. (2014)
  • Banco de Servicios y Transacciones S.A. as issuer and BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., and Macro Securities S.A.  as placement agents in the issuance of AR$98 million class 9 notes under its AR$500 million global program (2014)
  • Banco de Servicios y Transacciones S.A. as issuer and Banco de Servicios y Transacciones S.A., BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., and Macro Securities S.A.  as placement agents in the issuance of AR$139.4 million class 8 notes under its AR$500 million global program. (2014)
  • Industrial and Commercial Bank of China (Argentina) S.A., Banco Itaú Argentina S.A. and Banco Macro S.A. as arrangers, and Industrial and Commercial Bank of China (Argentina) S.A., Banco Itaú Argentina S.A., Macro Securities S.A. and Banco de Servicios y Transacciones S.A. as placement agents in the offering of AR$100 million Class III Debt Securities issued by Generación Mediterránea S.A., a company belonging to Grupo Albanesi and engaged in the generation and sale of electricity. (2014)
  • Banco Itaú Argentina S.A., BBVA Banco Francés S.A., HSBC Bank Argentina S.A. and Industrial and Commercial Bank of China (ICBC) S.A. as placement agents in the offering of debt securities for US$20.4 million by Argentine oil & gas and cement company Petroquímica Comodoro Rivadavia (PCR) S.A. (2014)
  • Central Térmica Güemes S.A. in the issuance of debt securities for US$ 7.5 million under its US$50 million global program. (2014)
  • Banco de Servicios y Transacciones S.A. in its offering of a new series of notes for US$ 8.4 million under its AR$500 million global program. (2014)
  • Banco Itaú Argentina S.A. and Industrial and Commercial Bank of China (ICBC) S.A. as placement agents in the US$40 million debt issuance by Argentine meatpacker Quickfood S.A., guaranteed by its parent company Brasil Foods (BRF). (2013)
  • Banco Itaú Argentina S.A., BBVA Banco Francés S.A., HSBC Bank Argentina S.A. and Industrial and Commercial Bank of China (ICBC) S.A. as placement agents in the offering of debt securities for US$33.5 million by Argentine oil & gas and cement company Petroquímica Comodoro Rivadavia (PCR) S.A. (2013)
  • Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., BACS Banco de Crédito & Securitización S.A., SBS Trade S.A. and Raymond James Argentina Sociedad de Bolsa S.A. as placement agents, in the creation of the US$100 million Global Notes Program and in the issuance of Series 1 Notes for an aggregate amount of AR$254.8 million. (2013)
  • Central Térmica Güemes S.A. in the issuance of Series 3 Notes for AR$36.7 million and Series 4 Notes for US$9.5 million under its US$50 million Global Notes Program, in the framework of a notes exchange offer. (2013)
  • Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Raymond James Argentina Sociedad de Bolsa S.A., SBS Trade S.A. and BACS Banco de Crédito y Securitización S.A. as placement agents, in the issuance of short-term Notes Series 5 and 6 for the amounts of AR$7.8 million and US$4.3 million, respectively. (2013)
  • Empresa Distribuidora de Electricidad de Salta S.A. (EDESA) in the issuance of notes for an aggregate amount of US$63 million. (2012)
  • Banco de Servicios y Transacciones S.A., as issuer, and Banco de Servicios y Transacciones S.A. and Macro Securities Sociedad de Bolsa, as placement agents, in the issuance of notes for an aggregate amount of AR$75 million. (2012)
  • Toyota Compañía Financiera de Argentina S.A. in the issuance of notes for an aggregate amount of AR$180 million. (2012)
  • Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Raymond James Argentina Sociedad de Bolsa S.A., SBS Sociedad de Bolsa S.A., BACS Banco de Crédito y Securitización S.A. as placement agents, in the issuance of short-term notes Series 3 and 4 for the amounts of AR$34.4 million and US$6.5 million, respectively. (2012)
  • Central Térmica Güemes S.A. in the issuance of notes for an aggregate amount of AR$40 million. (2012)
  • Toyota Compañía Financiera de Argentina S.A. in the issuance of notes for an aggregate amount of AR$122.9 million. (2011)
  • Banco de Servicios y Transacciones S.A., as issuer, and Banco de Servicios y Transacciones S.A., Banco Macro S.A., Macro Securities Sociedad de Bolsa, and HSBC Bank Argentina S.A. as placement agents, in the issuance of notes for an aggregate amount of AR$75 million. (2011)
  • Banco de Servicios y Transacciones S.A. as issuer and placement agent of subordinated notes for an aggregate amount of AR$50 million. (2011)
  • Petrolera Pampa S.A. as issuer, Banco Hipotecario S.A., Raymond James Argentina Sociedad de Bolsa S.A. and BACS Banco de Crédito y Securitización S.A. as placement agents, and Allaria Ledesma & Cía. Sociedad de Bolsa S.A. and SBS Sociedad de Bolsa S.A. as co-placement agents in the creation of a short-term notes program for an amount of up to AR$200 million and in the issuance of notes thereunder for an aggregate amount of AR$46.7 million. (2011)
  • Central Térmica Piedra Buena S.A. in the issuance of short-term notes for an aggregate amount of AR$125.6 million. (2011)
  • Toyota Compañía Financiera de Argentina S.A. in the issuance of notes for an aggregate amount of AR$70 million. (2010)
  • Central Térmica Piedra Buena S.A. in the issuance of short-term notes for an aggregate amount of AR$66.3 million. (2010)
  • Central Térmica Piedra Buena S.A. in the issuance of short-term notes for an aggregate amount of AR$80 million. (2010)
  • Banco Francés S.A., HSBC Bank Argentina S.A. and Itaú BBA in the placement of notes for an aggregate amount of AR$75 million issued by Petroquímica Comodoro Rivadavia S.A. (2009)
  • Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in the issuance of notes for an aggregate amount of AR$75.7 million. (2009)
  • Petroquímica Comodoro Rivadavia S.A. in the issuance of notes for an aggregate amount of AR$75 million. (2009)
  • Toyota Compañía Financiera de Argentina S.A. in its admittance to public offering regime, the creation of a Global Notes Program for an amount of up AR$200 million (subsequently increased to AR$400 million) and the issuance of notes for an aggregate amount of AR$65 million. (2009)
  • Central Térmica Loma de la Lata S.A. in the issuance of secured notes for an aggregate amount of U$S178 million. (2008)
  • Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in the issuance of notes for an aggregate amount of US$220 million. (2007)
  • Banco Santander Río S.A. in the placement of notes for an aggregate amount of US$25 million issued by por Petroquímica Comodoro Rivadavia S.A. (2007)
  • ABN AMRO Bank N.V. as arranger in the creation of the Notes Issuance Program of Petroquímica Comodoro Rivadavia S.A. and placement agent of notes for an amount of US$25 million. (2006)
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