Buenos Aires, December 27, 2024 \u2014 On December 4, 2024, Banco de Galicia y Buenos Aires S.A.U. (\u201cBanco Galicia\u201d) issued (i) Class XVIII simple, non-convertible, unsecured notes, denominated, subscribed, and payable in Argentine Pesos (the \u201cClass XVIII Notes\u201d); and (ii) Class XIX simple, non-convertible, unsecured notes, denominated, subscribed, and payable in U.S. Dollars in Argentina (the \u201cClass XIX Notes\u201d). The issuance was carried out under the Frequent Issuer Regime of the CNV, as part of the Global Notes Program for up to US$1,000,000,000 (or its equivalent in other currencies, units of measure, and\/or value).<\/p>\n
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The Class XVIII Notes were issued for a nominal value of AR$23,496,247,000 and will mature on April 30, 2025. These Notes accrue interest at an effective monthly rate of 3%, with both interest and principal payable in a single installment on the maturity date, April 30, 2025.<\/p>\n
The Class XIX Notes were issued for a nominal value of US$97,749,482 and will mature on June 4, 2025. These Notes accrue interest at a fixed nominal annual rate of 4.25%, payable quarterly. The first interest payment date is March 4, 2025, and the second is June 4, 2025. The principal will be repaid in a single installment on the maturity date, June 4, 2025.<\/p>\n
The Notes were locally rated \u201cA1+(arg)\u201d by FIX SCR S.A. on November 25, 2024, and have been authorized for listing and trading on Mercado Abierto Electr\u00f3nico S.A. and Bolsas y Mercados Argentinos S.A.<\/p>\n
Banco de Galicia y Buenos Aires S.A.U., as the issuer, also acted as organizer and placement agent, while Galicia Securities S.A.U. and Inviu S.A.U. acted as placement agents.<\/p>\n
All parties were advised by Beccar Varela\u2019s team led by Luciana Denegri, with the participation of Mar\u00eda Victoria Pavani, Mar\u00eda Carolina Pilchik, Martina Puntillo, and Carlos Nicol\u00e1s Sa\u00fal Lucero.\u00b7<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-46504","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/46504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=46504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}