News

26 March 2019

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

Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the fifth 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 March 20. Cencosud issued the debt securities in three classes and participation certificates worth a total of ARG $495,472,940. (U$S 12,061,171) 

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

Deal Counsel

Pérez Alati, Grondona, Benites & Arntsen.

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

Counsel to Cencosud

In-house - Javier Luzzi

Read article published in Abogados.com.ar

Read article published Lex Latin

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