News

27 August 2021

Seventeenth Issuance under the Trust Securities Programme “Más Cuotas II”

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the seventeenth issuance under the trust securities programme “Más 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, SBS Trading S.A. y Banco Patagonia S.A. were the placement agents in the transaction, which closed on August 24th. Cencosud issued the debt securities in three classes worth a total of ARS $962,678,947 (U$S 9,882,580.29).

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; Associates Nahuel Perez de Villarreal and Juan Francisco Vignati Otamendi, and Paralegal Jerónimo Juan Argonz.

Counsel to Cencosud

In-house - Javier Luzzi.

Counsel to TMF Trust Company (Argentina) S.A.

In house- Luis Vernet, Felipe Coudjmedjian and Melina Lozano.

Counsel to Banco de Galicia y Buenos Aires S.A.U

In- house- Fernán Pereyra de Olazabal.

Practices

Authors

Grigioni, María Gabriela

Perez de Villarreal, Nahuel

Article published in:

AUNO Abogados

Abogados.com.ar

Global Legal Chronicle

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