Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the third 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.
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 March 3rd. Concepción issued the debt securities in three classes worth a total of ARS $110.000.000 (U$S 1,018,157.45).
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.
The trust programme Concepción 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, Jerónimo Juan Argonz and Juan Francisco Vignati Otamendi.
Counsel to Cohen S.A.
In-house – Iván Samaniego.
