Marval O’Farrell Mairal acted as a legal advisor in the issuance of the fiduciary securities corresponding to the Elebar XIV Financial Trust, issued under the Elebar Program, for a total amount of ARS 2,723,622,000.
The issuance took place on November 20, 2025. It included Trust Debt Class A Securities for a total of ARS 2,189,819,000; Trust Debt Class B Securities for a total of ARS380,488,000; and Trust Debt Class C Securities for a total of ARS153,315,000.
The transaction was authorized for public offering by the Argentine Securities Commission on November 13, 2025, and is listed in Bolsas y Mercados Argentinos SA.
The Trust Debt Class A Securities, Trust Debt Class B Securities, and Trust Debt Class C Securities have been qualified by FIX SCR SA Risk Rating Agent as “A1+sf(arg),” “BBB+sf(arg),” and “BB+sf(arg),” respectively.
Santa Monica SA acted as settlor, administrator, and collection agent. Banco de Valores SA acted as trustee, arranger, and underwriter; and Provincia Bursatil SA, First Capital Markets SA, Banco de Servicios y Transacciones SAU, Banco CMF SA, Banco Mariva SA, and Adcap Securities Argentina SA acted as underwriters.
Marval O’Farrell Mairal acted as legal advisor for the transaction through a team led by partner Sergio Talamo, together with associates Lautaro Penza and Pedro Maria Azumendi.