BUENOS AIRES, Argentina, May 26, 2016 /PRNewswire/ --
The City of Buenos Aires (the "City") announced today the pricing of U.S.$890,000,000 aggregate principal amount of Series 12 7.500 per cent. Notes due 2027 under its U.S.$2,290,000,000 Medium Term Note Programme through a private offering to qualified institutional buyers pursuant to Rule 144A and to persons outside of the United States under Regulation S under the Securities Act of 1933, as amended (the "New Notes").
The City announced on May 24, 2016 the results of its previously-announced tender offer to purchase for cash (the "Offer") up to U.S.$390,000,000 in aggregate principal amount of its 9.95 per cent. Series 10 Notes due 2017 (the "Series 10 Notes"). The City has been advised that, as of the Expiration Date, U.S.$239,731,000 in aggregate principal amount of Notes, or approximately 57.77% of the Series 10 Notes outstanding, have been validly tendered pursuant to the Offer. The City will use a portion of the net proceeds of the sale of the New Notes to pay the purchase price for its Series 10 Notes.
Application has been made to have the New Notes admitted to the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.
The New Notes have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This notice includes and references "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may relate to, among other things, the City's strategy, goals and expectations.
Although the City believes the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect.
The matters discussed in these forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected, or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors. The City undertakes no obligation to update any of its forward-looking statements.
Contact: D.F. King & Co., Inc., 212-269-5550
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SOURCE The City of Buenos Aires