News

12 February 2021

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

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the fourteen 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 February 24th. Cencosud issued the debt securities in three classes worth a total of ARG $887.233.006 (U$S 9,897,735) 

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.

Read article published in Abogados.com.ar

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