29 June 2020

PAGBAM advice in a new trust programme.

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the first issuance under a new trust securities programme “Fértil Finanzas” worth US$10 million on which Fértil Finanzas 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 Mariva 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 29 June, 2020. Rosario Administradora Sociedad Fiduciaria S.A. issued the debt securities in three classes worth a total of ARG $110.784.669 (U$S 1,573,869.42)

The Trust Programme, called Fértil Finanzas, consists of present and future credits originated by Fértil Finanzas S.A. through the use of the credit cards and personal loans.

Deal Counsel

Pérez Alati, Grondona, Benites & Arntsen.

Partner María Gabriela Grigioni and associates Paula Balbi, Nahuel Perez de Villarreal, Tomás Agustín Rago y Pablo Vidal Raffo.

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