DLA Piper represented Banco Voii S.A. in the issuance of Class VII Short-Term Debt Securities (the “Class VII CDS”) for a total face value of approximately AR$519 million.
The Class VII CDS have a term of nine months, amortize in full on the maturity date and accrue interest payable quarterly at a variable annual nominal BADLAR rate plus a cut-off margin of 4 percent.
The issuance was made under the Global Short-Term Debt Securities Issuance Program, for a nominal amount of up to US $10,000,000 (or its equivalent in other currencies). The authorization for the annual update of the Program was granted by the Argentine Securities and Exchange Commission (Comisión Nacional de Valores) on June 29, 2022.
