Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in (i) the creation of the new trust securities programme "Empresur" for a nominal value of up to US$ 7,000,000 million (US dollars Seven Million) or its equivalent in other currencies on which Empresur S.A. acted as Trustor, Rosario Administradora Sociedad Fiduciaria S.A. acted as Trustee and issuer and Adcap Securities Argentina S.A. acted in its capacity as Arranger (the “Programme”); and (ii) the first issuance under the Programme on which Empresur S.A. acted as Trustor and Rosario Administradora Sociedad Fiduciaria S.A. acted as Trustee and issuer of the deal.
Mercado Argentino de Valores S.A. acted as arranger, Adcap Securities Argentina S.A., Banco de Servicios y Transacciones S.A., and the Agents registered with Mercado Argentino de Valores S.A. were the placement agents in the transaction, which closed on 9th, May. Rosario Administradora Sociedad Fiduciaria S.A. issued the debt securities in three classes worth a total of ARG $71,073,428 (US$319,323.49)
The first issuance, consists of present and future credits originated from personal loans granted by the Trustee.
Pérez Alati, Grondona, Benites & Arntsen.
Partner María Gabriela Grigioni and associates Nahuel Perez de Villarreal, Maria Sol Martinez, Martina Mastandrea and Paralegal Violeta Okretic.
Counsel to Rosario Administradora Sociedad Fiduciaria S.A.
In-house –Joana Sole, Manuel Ventureira y Lucas Jakimowicz.