The Province of Chaco’s International Debt Offering Debut

Cleary Gottlieb represented The Province of Chaco, a province of the Republic of Argentina, in its debut international debt offering of $250 million 9.375 percent notes due 2024.

The notes were offered in the United States in a private placement under Rule 144A and outside of the United States in reliance on Regulation S.

The offering priced on August 10, 2016, and was scheduled to close on August 18, 2016. BNP Paribas and UBS Investment Bank served as joint bookrunners, and Nuevo Banco del Chaco served as local co-manager.