TCA Tanoira Cassagne advises on the issuance of the Tranche III of the Financial Trust “Solidarity Financial Trust of Public Infrastructure NASA IV”

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TCA Tanoira Cassagne acted as deal counsel in the issuance of the Tranche III of the Individual Financial Trust “Solidarity Financial Trust of Public Infrastructure 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” and General Resolution 865/20 from CNV for the “Promotion of Public Infrastructures”.

On July 27, 2023, the Financial Trust issued the Trust Debt Securities with Social Impact Tranche III VS related to the sustainability of Nucleoeléctrica Argentina S.A., for a nominal value of USD 69,159,192 (US Dollars Sixty-nine million, one hundred fifty-nine thousand, one hundred ninety-two), maturing on January 31, 2034.

The Financial Trust is aimed at 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. as trustee and issuer, Nucleoeléctrica Argentina S.A. as trustor, Nación Bursátil as main placement agent and Banco de la Provincia de Buenos Aires, Macro Securities S.A.U., Banco de Galicia y Buenos Aires S.A.U., Banco de Valores S.A., SBS Trading S.A., Cohen S.A. and Banco BBVA Argentina S.A. as placement agents participated in the transaction.

TCA Tanoira Cassagne participated in the transaction through the team led by partners Alexia Rosenthal and Jaime Uranga and associates Juan Sanguinetti, Mariana Troncoso, Carolina Mercero, Teófilo Trusso and Ana Lucía Miranda.

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