TCA Tanoira Cassagne advises on the issuance of the Infrastructure Financial Trust of NASA with social impact and related to the sustainability


TCA Tanoira Cassagne acted as deal counsel in the issuance of the Individual Financial Trust “Solidarity Financial Trust of Public Infaestructure NASA IV” (“Financial Trust”) within the framework of the General Resolution 839/20 from CNV for the “Special Regime of Solidarity Financial Trust Programs for the assistance to the national, provincial and/or municipal public sector” which trustor is Nucleoeléctrica Argentina S.A.

On January 30, 2023, the Financial Trust issued Trust Debt Securities with Social Impact Tranche I VS related to the sustainability of Nucleoeléctrica Argentina S.A., for a nominal value of US$ 30,000,000 (US Dollars thirty million), maturing on August 1, 2033.

The Financial Trust is aimed for obtaining financing for the development of the life extension projects of Atucha I nuclear power plant and dry storage of spent fuels for Atucha I and II nuclear power plant.

BICE Fideicomisos S.A. acted as trustee and issuer, Nucleoeléctrica Argentina S.A. as trustor, Nación Bursátil as main placement agent and Banco de la Provincia de Buenos Aires and Macro Securities S.A. as placement agents participated in the transaction.

TCA Tanoira Cassagne acted as legal counsel through the team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Mariana Troncoso, Carolina Mercero, Teófilo Trusso and Ana Miranda.

Related content