Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the first issuance under a new trust securities programme “Mas Cuotas II” worth US$250 million on which Cencosud S.A. acted as Trustor and TMF Trust Company (Argentina) acted as Trustee and issuer of the deal.
Banco de Galicia y Buenos Aires and SBS Trading S.A. were the placement agents in the transaction, which closed on 27 September. Cencosud issued the debt securities in three classes and participation certificates worth a total of ARG $448,632,258 (U$S 11,354,904)
The trust programme, called Más Cuotas II, consists of credit cards receivables issued by Cencosud, who operates several shopping centres and supermarkets in Argentina.
Deal Counsels
Pérez Alati, Grondona, Benites & Arntsen:
Partner María Gabriela Grigioni and associates Bárbara Santori, Tomás Rago y Nahuel Perez de Villarreal.
Counsel to Cencosud In-house: Javier Luzzi
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