At Mitrani Caballero, our capital markets practice stands out for providing comprehensive and sophisticated advice at every stage and in all aspects related to the issuance, trading, and regulation of securities, both in local and international markets. Our team of professionals has extensive experience in structuring and executing complex transactions, enabling us to deliver solutions tailored to the specific needs of our clients—whether they are issuers, investors, placement agents, investment banks, or rating agencies.

A distinctive feature of our practice is the active involvement of partners who have over three decades of experience in the structuring and execution of many of the most significant debt and equity placements of Argentine issuers in international markets and who have played a leading role in designing the legal and regulatory framework of the Argentine capital market, as well as in developing the documentation that is now the industry standard.

Our partners have acted as local counsel for placement or issuing banks in highly significant transactions, including: the initial public offerings of YPF S.A., Telefónica de Argentina, Telecom Argentina, TGS, Central Puerto, BBVA Banco Francés, and Mirgor; the most important bond placements by the Argentine Republic, such as the issuance of USD 16 billion in Global Bonds to finance the agreement with holdouts; the USD 700 million Project Bond placement by Compañía Mega, the first Project Bond issued by an Argentine company; Yankee Bonds (SEC-registered) issued by Banco de Galicia, Banco Rio, and YPF S.A.; high-yield bonds issued by CLISA S.A., Autopistas del Sol, and IEBA; the USD 100 million securitization of future credit card sales by Aerolíneas Argentinas; the USD 300 million securitization of mortgage loans by Banco Hipotecario; bond swaps conducted by Multicanal, Cablevisión, Banco de Galicia, EDENOR, IEBA, Autopistas del Sol, TGS, and Banco Hipotecario as part of debt restructuring under Extrajudicial Preventive Agreements; and ARF Trust, the first collective investment vehicle dedicated to private equity investment authorized for public offering in Argentina.

At Mitrani Caballero, we advise our clients on both public and private offerings, as well as on the issuance of a wide range of debt and equity instruments, swaps, restructurings, and innovative transactions. We also provide support in the negotiation and documentation of transactions, as well as in managing fiscal and regulatory matters, ensuring comprehensive and personal assistance at every stage of the process, regardless of the complexity or geographic scope of the transaction.

Our work encompasses both the legal and regulatory analysis of these products and the negotiation, documentation, and closing of transactions, ensuring compliance with regulatory requirements and optimizing benefits for participants. Additionally, we assist in identifying risks and opportunities associated with each structure, enabling clients to access alternative sources of financing and capitalize on capital market trends.

Our clients include the leading international and local underwriters of securities issued by Argentine issuers, as well as many frequent issuers.

Services We Offer:

• Structuring and Execution of Public and Private Offerings: We advise on the planning, structuring, and execution of initial public offerings (IPOs) and secondary offerings of shares and debt, as well as on private placements and other offerings exempt from public offering authorization. Our support covers every stage, from the design of the transaction to its closing.

• Advice on Debt and Equity Instruments: We participate in the issuance and placement of corporate bonds, sovereign and sub-sovereign debt, commercial paper, structured notes, participation certificates, and other financial instruments, including the structuring of innovative products and alternative financing transactions. This includes, for example, the issuance of structured bonds, green, social, or sustainable bonds, hybrid instruments combining debt and equity features, crowdfunding transactions, private placements and collective financing, as well as the structuring of derivatives and other complex financial products.

• Securitizations: We have a distinctive practice in structuring international asset-backed debt placements in Argentina and Colombia. The asset classes involved include personal loan portfolios, trade receivables, future export credits, and credit card sales.

• Swaps and Restructurings: We provide assistance in equity and debt swap processes, liability restructuring, and refinancing, both in the public and private sectors, including negotiations with creditors and management of regulatory and tax matters.

• Regulatory Compliance: We assist with compliance before securities market authorities, including the preparation and review of prospectuses, offering memoranda, disclosure documents, and periodic reports.

• Negotiation and Documentation of Transactions: We participate in the negotiation and drafting of key contracts and documents, such as subscription agreements, placement agreements, trust agreements, guarantees, and other related instruments.

• Tax Planning: We offer advice on the tax structuring of capital market transactions, identifying opportunities for optimization and mitigation of tax risks, both locally and internationally.

In all cases, the teams assigned to transactions include at least one full-time senior partner responsible for structuring the transaction, supervising the preparation of offering documents—particularly the prospectus—and handling procedures before the National Securities Commission, as well as drafting and negotiating the terms of the securities and overseeing compliance with the work schedule.

Our team combines deep technical knowledge of securities regulation with strategic market insight, enabling us to anticipate trends, identify opportunities, and proactively manage risks. At Mitrani Caballero, we are committed to providing personalized, agile, and results-oriented service, supporting our clients in achieving their business objectives in a dynamic and competitive regulatory environment.