News

10 October 2018

Cencosud launches new trust securities programme “Más Cuotas II” and issuance of Series I

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

Read article published in Abogados.com.ar

Read articles published in LexLatin

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