River Plate Issued Negotiable Obligations for $12,000 Million for Infrastructure

Club Atlético River Plate entered the public offering market with the issuance of a guaranteed Negotiable Obligation (ON), a financial instrument that allowed it to access competitive financing rates.

The funds obtained will be allocated to the construction of the new Casa River, located in the Formative Soccer complex on Cantilo Avenue, in Núñez. This initiative is part of the largest infrastructure investment plan in the club's history.

A record placement in the financial market

The placement of the ON far exceeded expectations:

• Offers were received for more than $23,000 million, well above the target.
• The final amount issued was $12,000 million, the maximum planned.
• The margin over the TAMAR rate was 3.89 percent, improving the initial expectation of 4.50 percent.
• 4,374 purchase orders were registered, reflecting the high market interest.

River highlighted that this is the first issuance of its kind by a football club in Argentina, representing a milestone in the diversification of financing sources, offering an alternative to traditional loans and allowing access to a larger investor base.

Issuance details

• Guarantee: The ON is backed by organizing and guaranteeing banks such as Banco Supervielle, Banco CMF, BBVA, Banco de Valores, and Banco Comafi, as well as Latin Securities, Invertir Online, and Allaria.

• Term and amortization: The ON has a maturity of 24 months, with a payment scheme in four semi-annual installments from the issuance date.

Casa River: a home for young talents

The new Casa River will be a 5,000 square meter building, located in the Formative Soccer complex of Cantilo. It will feature kinesiology rooms, gyms, locker rooms, and an educational area with RiverDAR.

Casa River will house 80 young people between 11 and 18 years old, of which between 60 and 70 percent come from homes in poverty. Many come from other provinces, so this initiative guarantees equal opportunities, providing a safe environment and resources for their development.

Additionally, Casa River residents will have educational scholarships, free accommodation, health insurance coverage, and 24-hour tutor support.

The goal of this investment is to provide young people with equitable access to opportunities, focusing on their sports and educational development, promoting inclusion, diversity, and addiction prevention.

Negotiable Obligations: what they are and what they are for

Negotiable Obligations (ON) are private debt instruments issued in the capital markets. In this case, River Plate's ON carries the SVS (Sustainable, Green, or Social) label, meaning that the funds obtained have a positive economic, social, and environmental impact.

The project aligns with the standards of the International Capital Market Association (ICMA) and contributes to the following Sustainable Development Goals (SDGs):

• SDG 1: Poverty reduction.
• SDG 4: Quality education.
• SDG 10: Reduction of inequalities.

Through this initiative, River not only boosts its sports infrastructure but also improves the quality of life for young talents across the country, providing them with professional training and the possibility of a better future.

An integral development model

The issuance of this Negotiable Obligation sets a precedent in sports financing in Argentina. River Plate not only bets on financial innovation but also reaffirms its commitment to player development and social impact.

With the construction of the new Casa River, the club strengthens its integral development model, ensuring that future generations of footballers have the best conditions for their sports, educational, and personal growth.