News

18 December 2018

Cencosud issues Series II under its trust securities programme "Más Cuotas II"

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the second issuance under the 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 S.A.U and SBS Trading S.A. were the placement agents in the transaction, which closed on 2 November. Cencosud issued the debt securities in three classes and participation certificates worth a total of ARG $475,813,012 (U$S 13,369,289)

The trust programme, called Más Cuotas II, consists of credit cards recievables issued by Cencosud, who operates several shopping centres and supermarkets in Argentina.

Deal Counsel

Pérez Alati, Grondona, Benites & Arntsen.

Partner María Gabriela Grigioni and associates Bárbara Santori, Tomás Rago and Nahuel Perez de Villarreal.

Counsel to Cencosud

In-house - Javier Luzzi

Read article published in Abogados.com.ar

Read article published in LexLatin 

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