Alejandro Perelsztein

Bruchou counsels on public offering of Argentine Republic Trust Securities

Bruchou, Fernández Madero & Lombardi has counselled the Argentine Republic in the issuance and placement by public offering of Class A Trust Debt Securities for $305,619,307 and Class B Trust Debt Securities for $29,106,601.

These issues were carried out under the Financial Trust “Clave Series II”, within the framework of the Global Trust Securities Programme “CLAVE TRUST I” for a nominal value of up to $100,000,000.

Banco de Valores acted as trustee, arranger, custodian and placement agent; Clave Créditos acted as Administrator; and Banco de Servicios y Transacciones, Macro Securities and Provincia Bursátil acted as placement agents.

The National Securities Commission authorised the public offering of the Trust Debt Securities on 20 May 2022 and the securities were issued on 31 May.

The Class A Trust Debt Securities were rated “AA+sf(arg) Stable” and the Class B Trust Debt Securities were rated “BBBsf(arg) Stable” by Fix SCR.

The Private Financial Trust CLAVE Consumer Loans Trust I, a financial trust implemented to periodically securitise personal loan credit portfolios, acted as trustee through its trustee, TMF TRUST COMPANY Argentina.

Bruchou’s team was led by partner Alejandro Perelsztein (pictured), with the support of associates Manuel Etchevehere and Sebastián Pereyra Pagiari.

Bruchou counsels on public offering of Argentine Republic Trust Securities

L Giselle Estrada

thelatinamericanlawyer.com

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram