News

12 February 2019

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

Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the fourth 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 7 February. Cencosud issued the debt securities in three classes and participation certificates worth a total of ARG $485,102,123. (U$S 12,802,906)

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 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

Subscribe to our Newsletter

Stay updated by receiving our Legal News Alert that will provide you, in a quick and simple way,
with the latest regulatory changes as well as the most relevant news.

Subscribe

* indicates required
I hereby give my free and informed consent for the collection, processing, storage and/or use of my personal data (the "Personal Data") by Pérez Alati, Grondona, Benites & Arntsen. I understand that all assignment and/or transfer of my Personal Data will be made in full compliance with Law No. 25,326 and complementary regulations. The delivery of my Personal Data is voluntary. I understand that, as the owner of the Personal Data, I have the right to exercise, free of charge, the right of access, rectification or deletion of my Personal Data pursuant to Section 14, subsection 3 of Law No. 25,326 (as amended), by communicating to the following e-mail address news@pagbam.com. The AGENCY FOR ACCESS TO PUBLIC INFORMATION, Control Body of Law No. 25,326, has the power to deal with complaints and claims filed by those affected in theirs right due to breach of the Personal Data legislation in force.
You must fill the checkbox to suscribe.