It is a 30-month Financial Trust, which stands out for its 9% rate on capital adjusted by the UVA index. The institution seeks to raise about $20,000 million (about US$20.6 million at the official exchange rate).
In a context in which more and more companies are approaching the capital markethe River Plate Athletic Club decided to join this path and announced the placement of its first Financial Trust (FF), with the objective of raising about $20,000 million (about US$20.6 million at the official exchange rate).
Specifically, it is a FF UVAs with a 30-month term, which stands out for its rate competitive 9% on the capital adjusted by the UVA index. Among its main features is the quarterly payment of capital and interest services, which reduces its duration to less than 17 months.
“This trust is an investment opportunity for both fans and non-fans. It offers an attractive return among comparable options,” stated Augusto Posleman, Corporate Director of PPI (the only ALyC that participates as an underwriter). He added that “The financial strength of the Club and its long-term investment projects support the issue.”
The risk rating agency FixScr granted an A+sf rating to the issue, highlighting the good debt service coverage ratios thanks to the flows from its main assets. In addition, it points to the solid economic and financial situation of Club Atlético River Plate.
The amount that the club aspires to obtain in the capital market is about 16 million UVA, equivalent to approximately $20,000 million.
How to invest in the River Plate Financial Trust
The tender It will be this Thursday, October 3, 2024, and the placement is already in the diffusion period.
To invest:
- You must transfer pesos to your broker’s client account.
- The minimum amount to invest is 10 UVAs, equivalent to about $12,000.
- Every three months, the FF pays you an income.
- After 30 months, the investor will receive all the capital invested.
- The FF UVA pays inflation in that period, plus a rate of 9%.
The funds raised through this issue will be used to continue the 2024/2025 investment plan, which includes improvements in key infrastructure for the club.
River Plate, which has more than 350,000 members and around 20 million fans in Argentina and the world.
Source: Ambito
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