TCA Tanoira Cassagne advises on Collins’ issuance
TCA Tanoira Cassagne has played a key role in advising Collins on its first note issuance in the Argentine capital market. The firm guided Collins as the issuer while also advising Banco CMF as arranger and underwriter, and Banco de Servicios y Transacciones as underwriter.
The transaction involved the issuance of Series I Notes for a nominal amount of Ps. 1,500,000,000. These notes, denominated and payable in Pesos, are set to mature on January 16, 2027.
They bear interest at a nominal annual variable rate equivalent to the BADLAR Rate plus a margin of 7.00%.
The notes are guaranteed by Banco CMF and Banco de Servicios y Transacciones, both acting as guaranty entities authorized by the National Securities Commission, which adds an extra layer of security for investors.
Collins was founded in 2013 in Gualeguaychú, Entre Ríos, Argentina, and specializes in providing consumer loans.
This issuance marks a significant milestone for Collins, representing its entry into the capital markets and potentially opening new avenues for growth and expansion.
TCA Tanoira Cassagne’s team advising on the transaction was led by partners Alexia Rosenthal (Pictured left) and Jaime Uranga (pictured right), with support from associates Juan Pedro Sanguinetti, Juan Manuel Simó, Carolina Mercero, and Florencia Ramos Frean.
