Sergio Tálamo

Marval participates in Red Mutual 71 issue

Marval O’Farrell Mairal has participated as legal advisor in the issuance of trust securities corresponding to the Financial Trust “Red Mutual 71”, for a total amount of V/N ARS 1,428,082,938.

The issue was made on 18 January, under the Red Mutual Global Trust Securities Programme, and included senior variable income trust debt securities for V/N ARS 999,658,100, class B variable income trust debt securities for V/N ARS 257,054,900 and participation certificates for V/N ARS 171,369,938.

The National Securities Commission authorised the public offering of these trust securities on 5 January. The trust securities will be traded on the Open Electronic Market and listed on the Argentinean Stock Exchanges and Markets.

Asociación Mutual Unión Solidaria acted as trustee and administrator; TMF Trust Company (Argentina) as trustee in a non-personal capacity; Banco Voii and BACS Banco de Crédito y Securitización, as arrangers and underwriters; while Banco de Servicios y Transacciones and Banco Mariva acted as underwriters.

Marval’s team was led by partner Sergio Tálamo (pictured), with support from associates Martín I. Lanús, Francisco Vignati Otamendi and Lautaro Penza.

L Giselle Estrada