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UncategorizedCreation of the Financial Trusts Global Program “RG ALBANESI II” and Issuance of debt securities under the “RG ALBANESI SERIE XI” Financial Trust

November 25, 2020
Banking & Capital Markets – Debt Capital Markets – Securitization

 

Bruchou assisted in the creation of the Financial Trusts Global Program “RG ALBANESI II” for an amount up to U$S 100,000,000 (or the equivalent in other currencies) and in the recent issuance and placement in Argentina of debt securities in the form of Class 1 Trust Securities for U$S 12,000,000 and Class 2 Trust Securities for U$S 1,000,000, under the mentioned Program. Rafael G. Albanesi S.A., one of the most important Argentine gas trader acted as trustor, TMF Trust Company (Argentina) S.A. acted as trustee, Banco de Servicios y Transacciones S.A. acted as arranger and placement agent; SBS Capital S.A. acted as arranger; and SBS Trading S.A.; BACS Banco de Crédito y Securitización S.A. Banco Supervielle S.A.; Banco de la Provincia de Buenos Aires; Balanz Capital Valores S.A.U.; Macro Securities S.A. and Allaria Ledesma & Cía. S.A. acted as arrangers and placement agents.

The Trust Securities are denominated in US dollars and will be paid in Pesos at the applicable exchange rate.

The trust assets are gas sales arrangements.

 

The Argentine Exchange Commission (Comisión Nacional de Valores) authorized the creation of the Program and the public offering of the securities on November 5, 2020, and the securities were issued on November 19, 2020.

Bruchou, Fernández Madero & Lombardi acted as legal advisor for the trustee through a team led by his partner López Figueroa, Matías  and associates Barros Moss, Juan and Etchevehere, Manuel; acted as legal advisor for the arrangers and placement agents through a team lead by his partner Bazán, José María and associates Belusci, Leandro Exequiel and Reyes, Josefina.

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