Tanoira Cassagne Abogados advises Banco Patagonia SA and Banco Provincia del Neuquén S.A. in the constitution of the Financial Trusts Program “BPN – Créditos”
Tanoira Cassagne Abogados acted as legal counsel in the framework of the constitution of the Global Issuance Program of Trust Securities “BPN – Créditos” (the “Program”) for an amount of up AR$ 500,000,000. Banco Provincia del Neuquén S.A. (the “Trustor”), serves as Trustor, Administrator, Collection Agent and Custodian; and Banco Patagonia SA (the “Trustee”) as Trustee.
Trusts to be issued under the Program will be able to hold in trust mortgage rights, pledge rights, commercial credits, consumer credits, credits related to the operation of credit cards, personal loans discount; promissory notes, dated checks, bills of credit; and other credits (or participations in loans) granted by the Trustor to individuals, or to public or private entities, either Argentine or foreign.
Tanoira Cassagne Abogados acted as main legal advisor. The team was led by partner Alexia Rosenthal, who was assisted by associates Rocío Carrica, Victoria Bengochea and Ignacio Nantes.
Paola Nieto and Natalia Gianelli served as legal advisor to Banco Patagonia SA, in its capacity as Trustee.
Carolina Etchegorry served as legal advisor to Banco Provincia del Neuquen SA, in its capacity as Trustor.