21 July 2022

Fourth issuance under the trust securities programme “Concepción”

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the fourth issuance under the trust securities programme “Concepción” worth US$20 million on which Concepción S.A. acted as Trustor and TMF Trust Company (Argentina) acted as Trustee and issuer of the deal.

Adcap S.A., Banco Mariva S.A., Banco de Servicios y Transacciones S.A y Banco Supervielle S.A. were the placement agents in the transaction, which closed on July 15th. Concepción issued the debt securities in three classes worth a total of ARS $188,424,941 (U$S 1,471,877.82).

The Trust Assets are the present and future credit rights deriving from the deferred payment checks and invoices of Cooperativa de Vivienda, Crédito y Consumo Concepción Ltda.

Deal Counsel 

Pérez Alati, Grondona, Benites & Arntsen.

Partner María Gabriela Grigioni; Associates Nahuel Perez de Villarreal, Jerónimo Juan Argonz and Juan Francisco Vignati Otamendi.

Counsel to Cohen S.A.

In-house – Iván Samaniego.

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