Banco del Austro’s $87.5 Million Securitization of Payment Rights

Hogan Lovells and Robalino Abogados advised Banco del Austro S.A. on the transaction.
Mayer Brown and Pérez Bustamante & Ponce advised Goldman Sachs

Banco del Austro executed its $87.5 million securitization of payment rights.

Goldman Sachs acted as arranger on the transaction.

Banco del Austro S.A. is an Ecuadorian financial institution established in 1977 in Cuenca which provides solutions for savings, credits, investments, and credit cards Visa and MasterCard nationwide.

Hogan Lovells advised Banco del Austro S.A. on the transaction with a team including Emil Arca (Picture), Lauren Kimmel and Juan D. Moreno

In Ecuador, Robalino Abogados advised Banco del Austro S.A. with a team including Jesús M. Beltrán.

Mayer Brown advised Goldman Sachs with a team including Gabriela Sakamoto, Juan Moreno, Luis Andrés Schrader and Jasman Sidhu.

Pérez Bustamante & Ponce advised Goldman Sachs with Bruno Pineda Cordero, Carmen Simone Lasso and Adriana Orellana

Involved fees earner: Emil Arca – Hogan Lovells; Lauren Kimmel – Hogan Lovells; Juan Moreno – Hogan Lovells; Juan Moreno – Mayer Brown; Gabriela Sakamoto – Mayer Brown; Jasman Sidhu – Mayer Brown; Adriana Orellana Ubidia – Pérez Bustamante & Ponce; Bruno Pineda-Cordero – Pérez Bustamante & Ponce; Carmen Simone Lasso – Pe?rez Bustamante & Ponce Abogados; Jesús Beltrán Tribín – Robalino;

Law Firms: Hogan Lovells; Mayer Brown; Pérez Bustamante & Ponce; Pe?rez Bustamante & Ponce Abogados; Robalino;

Clients: Banco del Austro S.A.; Goldman Sachs & Co.;

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Author: Ambrogio Visconti