News

19 August 2020

Cencosud issues Series XI under its trust securities programme “Más Cuotas II”

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the eleventh 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 August 18th. Cencosud issued the debt securities in three classes worth a total of ARG $475,268,193 (U$S 6,475,925) 

The trust programme 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, Nahuel Perez de Villarreal and Pablo Vidal Raffo.

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