LE BANCHE COINVOLTE
The following is an example of the Offering Circular issued by the Argentine Republic.
Pay attention to the names of the three lead banks and the fact that the documents can be viewed at:
ACTIENGESELLSCHAFT DEUTSCHE BANK (roughly the equivalent of SpA)
in Frankfurt
and notice the last line the words "acquired" are important from a legal standpoint because
mark the passage of the securities through the bank's portfolio and could help to create conflicts of interest if for example: the bank fails to report to the customer that he placed in two positions of "agent" (and as curator of the interests of the client) and as a seller (and thus obliged to look after the interests of their own).
The subject of this Offering Circular of the Pan Euro Bonds ® 1999/2009 for a total value of € 650,000,000 to the annual interest rate of 9.0% (the "Bonds") issued by Argentina under Decree No. 119 adopted on 15 February 1999 and issued by the National Executive of the Republic of Argentina with Resolution No. 275, 2L May 1999 (for the first tranche of € 500 million) and Resolution No. 283, June 2, 1999 (for the second tranche of € 150 million) of the Secretary Treasury of the Republic of Argentina. General Liability Information
The Issuer accepts responsibility for the information contained in this document and declares that it acted with reasonable care to ensure the veracity and accuracy in all material respects, of the facts therein stated. Documents can be viewed
to see the documents referred to in this Offering Circular on weekdays during normal business hours from the date of this and as long as any requirement is working at the offices of Deutsche Bank Aktiengesellschaft, Grof3e Gallusstrasse 10-14 , 60272 Frankfurt am Main. Subscription and sale
A international consortium of banks and financial institutions (the "Banks") led by Credit Suisse First Boston (Europe) Limited and Deutsche Bank Aktiengesellschaft as prime contractors and also includes ABN AMRO Bank NV, Banca Akros SpA, the Italian Commercial Bank, Banca d ' Brokerage IMI SpA, Banca Profilo SpA, Bank of America lnternational Limited, Erste Bank der österreichischen Sparkassen AG, Lehman Brothers International (Europe), Morgan Stanley & Co. International Limited and Banque Paribas as Concapifila, "purchased" the Bonds the subject of this Offering Circular. (..... ....)
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