Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the fourth issuance under a 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.
The Financial Trust Management of the CNV authorized the public offering of the trust securities of the fourth Series & ;Tarjeta Fértil XIX; on 14th and 21st October, 2022. Mercado Argentino de Valores S.A. acted as placement arranger, 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 31st October, 2022. Rosario Administradora Sociedad Fiduciaria S.A. issued the debt securities in three classes worth a total of ARG $308,830,049 (U$S 1,994,163)
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.
Adcap Securities Argentina S.A., Banco Mariva S.A., Banco de Servicios y Transacciones S.A., and Agentes Miembros del Mercado Argentino de Valores S.A. acted as Placement Agents of the trust securities, Mercado Argentino de Valores S.A. acted as Arranger of the Placement, while Standard and Poor & Global Ratings Argentina S.R.L ACR Calificadora de Riesgo S.A. granted a rating of “RaAA (sf)” for the VDFA, “RaAA(sf)” for the VDFB, and “RaCCC (sf)” for the VDFC.
Pérez Alati, Grondona, Benites & Arntsen.
Partner María Gabriela Grigioni, associates Nahuel Perez de Villarreal, Jerónimo Juan Argonz and María Sol Martinez.
Counsel to Rosario Administradora Sociedad Fiduciaria S.A.
In-house – Manuel Ventureira y Lucas Jakimowicz.