Banco del Austro S.A.’s US$87.5 Million Inaugural DPR Program Offering

Hogan Lovells and Robalino Abogados in Quito, Ecuador advised Banco del Austro S.A.

The US$87.5 million Series 2021-1 Notes were issued by Cuenca DPR, the program’s special purpose company issuer. Hogan Lovells has now advised on all five future flow securitization programs established by Ecuadorian banks to date, three of them DPR programs and two of them credit card merchant voucher programs.

The Hogan Lovells team was led by New York capital markets partner Emil Arca (Picture) and associates Lauren Kimmel and Juan D. Moreno. 

Involved fees earner: Emil Arca – Hogan Lovells; Lauren Kimmel – Hogan Lovells; Juan Moreno – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Banco del Austro S.A.;

Giulia Di Palma

Author: Giulia Di Palma