Federación de Cooperativas Vitivinícolas Argentinas’ $3 Million Financial Trust


Nicholson y Cano Abogados advised Federación de Cooperativas Vitivinícolas Argentinas (FECOVITA) on the deal.

Federación de Cooperativas Vitivinícolas Argentinas (FECOVITA) executed the launch of the first Financial Trust with a social purpose for a nominal value of up to USD 3 million, in its capacity as Settlor, and Banco de Valores S.A. as Arranger and Trustee.

The presentation of the trust, denominated as “FECOVITA I”, is part of the FECOVITA Global Trust Securities Programme for the issuance of Financial Trusts for a nominal value of up to USD 30 million, which was authorised by the Comisión Nacional de Valores (CNV).

The Federación de Cooperativas Vitivinícolas Argentinas (FeCoVitA) is the largest network of cooperatives in the wine industry in the Americas. Its commitment is both to guarantee a fair trade for the activity and a long term sustainable development for the associated producers.

FECOVITA will act as Settlor, Administrator and Collection Agent, and Banco de Valores as Trustee, Arranger and Placement Agent. Allaria Ledesma & Cía S.A., SBS Trading S.A., and San Juan Bursátil S.A. acted as underwriters, FIX SCR S.A., as rating agent, SMS – San Martín, Suarez & Asociados, as independent verifier of the Bono Social. Egea Abogados Law Firm acted as legal advisor to the Settlor, and Portfolio S.A., as financial advisor to the Settlor.

Nicholson y Cano team included partner Mario Kenny (Picture) and associate Juan Martín Ferreiro.

Involved fees earner: Juan Martín Ferreiro – Nicholson & Cano Abogados; Mario Kenny – Nicholson & Cano Abogados;

Law Firms: Nicholson & Cano Abogados;

Clients: Federación de Cooperativas Vitivinícolas Argentinas (FeCoVitA);

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Author: Ambrogio Visconti.