Deal counsel in the issuance and placement in Argentina of trust securities for $ 19,819,596 issued under the “Crescere II” Financial Trust, in which Banco de Galicia y Buenos Aires S.A. acted as arranger and placement agent, TMF Trust Company (Argentina) S.A. acted as financial trustee and Syngenta Agro S.A. acted as trustor and servicer.
The trust assets consist of credits originated by the trustor for the purchase and sale of agricultural inputs, derived from the commercialization of inputs and agricultural products, contained in invoices denominated in US Dollars (US $) and payable in Pesos (at the seller exchange rate published by the Banco de la Nación Argentina at the close of the business day prior to the cash payment, with a maturity of not more than 360 (three hundred sixty) days from the date of assignment), without guarantees.