Tanoira Cassagne Abogados advises on the creation of the Global Securities Program “INVERNEA PROTEÍNA” and its first issuance “INVERNEA PROTEÍNA PYME SERIE I” Financial Trust.

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Tanoira Cassagne Abogados advises on the creation of the Global Securities Program “INVERNEA PROTEÍNA” and its first issuance “INVERNEA PROTEÍNA PYME SERIE I” Financial Trust.

PR Invernea

Tanoira Cassagne Abogados acted as legal advisor in the creation of the Global Securities Program “INVERNEA PROTEINA” (the “Program”) which is the first securities program for Investment Funds under General Resolution No. 870 of the National Securities Commission (“CNV“).

On October 28, “INVERNEA PROTEINA PYME SERIES I” Trust Fund issued certificates of participation for a nominal value of $AR 793,157,894 (Argentinean Pesos seven hundred ninety three million one hundred fifty seven thousand eight hundred and ninety four) (the “Certificates of Participation”), due on October 28, 2031 (the “Trust”).

The Trust aims to boost production and development of regional economies and value chains in the Argentine agribusiness sector, enabling investments in livestock and farming SMEs by non-specialized investors, advancing the outreach of the capital markets to a regional level.

The use of proceeds focuses on beef for cow/calf, backgrounding, finishing, and sale and. purchasing agricultural commodities, having been approved as an SME Investment Fund, investments must target SME farmers and ranchers in order to maintain its SME status.

Activities are concentrated in the provinces of Corrientes, Entre Ríos and Buenos Aires.

CFA Compañía Fiduciaria Americana S.A. participated in the transaction as trustee and issuer, Invernea S.R.L. in its capacity as technical operator, ARG Capital S.A. as arranger and PP Inversiones S.A. as main placement agent

Tanoira Cassagne Abogados participated in the transaction through the team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Mariana Troncoso, Pilar Dominguez Pose and Carolina Mercero.