Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the tenth 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 June 4th. Cencosud issued the debt securities in three classes worth a total of ARG $486.641.504 (U$S 6,878,325)
The trust programme, called Más Cuotas II, consists of credit cards receivables issued by Cencosud, who operates several shopping centers and supermarkets in Argentina.
Pérez Alati, Grondona, Benites & Arntsen.
Partner María Gabriela Grigioni and associates Tomás Rago, Nahuel Perez de Villarreal and Pablo Vidal Raffo.