Marval assists in Mercado Crédito XXXI issue

Marval O’Farrell Mairal has once again assisted as legal advisor in the issuance of the thirty-first series of trust securities corresponding to the ‘Mercado Crédito’ financial trust.

The amount of the issue totalled V/N ARS 60.002.859.258 and is part of the Mercado Crédito Global Trust Securities Programme, which securitises 100% digital loans. The issuance took place on 18 December 2024 and included trust debt securities for V/N ARS 46.352.208.777 and participation certificates for V/N ARS 13.650.650.481.

MercadoLibre SRL acted as trustee, administrator and collection agent; Banco Patagonia acted as trustee, arranger and placement agent, and Allaria as sub-placement agent.

Under the same structure used in the previous issues, the trust assets in Mercado Crédito XXXI consist of consumer and working capital loans granted 100% digitally to users and consumers through the execution of private instruments subscribed by electronic signature, through MercadoLibre’s electronic platform.

The National Securities Commission authorised the public offering of these trust securities, which are traded in the Electronic Open Market and listed in the Argentinean Stock Exchanges and Markets.

Micaela Varas Bleuer, María Victoria Suarez and Paulina Rossi acted as in-house counsel to MercadoLibre.

Marval’s team comprised partners Juan Diehl Moreno (pictured left) and Sergio Tálamo (pictured right), together with associate Sebastián Swinnen.