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Ing. Enrique Butty 275, Piso 12. C1001AFA, Buenos Aires, Argentina.

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2022New DealWe advised in the issuance of trust notes under the “Clave Series II” Financial Trust

June 3, 2022

Bruchou, Fernández Madero & Lombardi assisted as legal advisors in the recent issuance and placement in Argentina of trust securities in the form of Class A Trust Securities for $305.619.307 and of Class B Trust Securities for $29.106.601 by the “Clave Series II” Financial Trust, under the Program of Financial Trusts “CLAVE TRUST I” for an amount up to U$S100,000,000 (or its equivalent in other currency, or monetary or value units).

Fix SCR S.A. rated the Class A Trust Securities as ‘‘AA+sf(arg) Estable’’ and the Class B Trust Securities as “BBBsf(arg) Estable”.

The Fideicomiso Financiero Privado CLAVE Consumer Loans Trust I, a financial trust implemented to periodically securitize personal loan credit portfolios, acted as trustor through its trustee TMF TRUST COMPANY (Argentina) S.A., Banco de Valores S.A. acted as trustee, arranger, custodian and placement agent, Clave Créditos S.A. acted as administrative agent, and Banco de Servicios y Transacciones S.A., Macro Securities S.A. and Provincia Bursátil S.A. acted as placement agents.

The Argentine Exchange Commission (Comisión Nacional de Valores) authorized the public offering of the securities on May 20, 2022, and the securities were issued on May 31, 2022.

Bruchou, Fernández Madero & Lombardi acted as legal advisor of the transaction through a team led by his partner Alejandro Perelsztein and associates Manuel Etchevehere and Sebastián Pereyra Pagiari.

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Ing. Enrique Butty 275, Piso 12. C1001AFA, Buenos Aires, Argentina.
(5411) 5171-2300
estudio@bruchou.com

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