Beccar Varela Advises Banco Galicia on Class VII notes issuance.

November, 2019 - Buenos Aires, Argentina

Buenos Aires, 29 November 2019. Beccar Varela advised Banco de Galicia y Buenos Aires SAU on the issuance of Class VII notes, worth AR$4.182.280.000, carried out under the Prospectus On Stages for a maximum issuance amount of up to US$2,100,000,000, under the simplified Frequent Issuer Regime. The issuance took place on November 25. In this case, for the first time, Banco Galicia assumed the role of Frequent Issuer.

Class VII notes maturity date will take place on May 25, 2020. They will accrue interest at a Badlar Privada rate +4%.

Banco Galicia acted as issuer, organizer and placement agent. The main objective of the entity with this issuance was to diversify the source of financing, extending its term and offering institutional investors a short-term investment alternative.

Fix SCR S.A. locally rated Class VII notes A1+(arg) on 19 November. They have been admitted for listing at Bolsas y Mercados Argentinos S.A. and authorized for their negotiation at Mercado Mercado Electrónico S.A.

Beccar Varela acted as counsel to Banco Galicia. Its team was led by partner Luciana Denegri, assisted by associates María Victoria Pavani and María Inés Cappelletti.

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