TCA Tanoira Cassagne acted as deal counsel in the issuance of the financial trust “Coppel Serie 1” (the “Trust”), within the framework for Financial Trusts with Automatic Authorization due to their Medium Impact, under the Trust Debt Securities Global Program “Coppel” (the “Program”).
Rosario Administradora Sociedad Fiduciaria S.A. acted as trustee and issuer (the “Trustee”) and Coppel S.A. (the “Trustor”), in the issuance of trust debt securities under the Trust for a total aggregate amount of AR$5,237,465,884.
Latinconsult S.A., Meta Inversiones S.A. and Rosario Administradora Sociedad Fiduciaria S.A. acted as arrangers and placement agents of the Trust and Banco BBVA Argentina S.A., Meta Inversiones S.A. and Balanz Capital Valores S.A.U. as placement agents.
The trust debt securities were rated by Moody’s Local AR ACR S.A. on June 25, 2026, “ML A-1.ar (sf)” in respect of the Class A Trust Debt Securities and “BB+.ar (sf)” in respect of the Class B Trust Debt Securities.
100% of the Credits transferred by the Trustors were originated digitally.
Coppel S.A. operates a department store business model that combines the sale of durable and semi-durable consumer goods with financial and complementary services as personal loans to Coppel’s eligible clients. Its product offering includes home appliances, consumer electronics, furniture, apparel, footwear, home goods, and accessories.
Deal Counsel: TCA Tanoira Cassagne acted through a team led by partners Alexia Rosenthal and Jaime Uranga; and Associates Lucia Viboud Aramendi and Florencia Ramos Frean.
