Banco Hipotecario $322.6 million note issue

Overview:

• Banco Hipotecario has issued $322.6 million in notes.
• This involved the issuance of $200 million of 9.75% notes which reach maturity in 2020 and $122.652 million of 9.75% notes which reach maturity in 2016.
• Merrill Lynch Pierce Fenner & Smith and Itau were initial purchasers and deal managers.
• Banco Itaú Argentina and BACS Banco de Crédito y Securitización served as placement agents 
• Zang Bergel & Viñes (Carolina Zang, Carolina Arroyo, Francisco Bereciartúa) and Simpson Thacher & Bartlett advised the issuer.
• Bruchou Fernández Madero & Lombardi and Shearman & Sterling advised the initial purchasers.
• Tanoira Cassagne (Alexia Rosenthal) and Perkins Coie advised the Deutsche Bank National Trust Company.

Rani Mehta - Journalist Latin America