Fecovita launched the first social, financial trust in the country for $3 mn

The Federation of Argentine Wine Cooperatives (Fecovita), which includes 29 cooperatives, presented the first financial trust with an inclusive social purpose, for a nominal value of up to $3 million. It is the Fecovita I Financial Trust, launched within the framework of the company’s Global Trust Securities Program, for the issuance of these instruments for a nominal value of up to $30 million. The fund will allow the use of the resources for the joint purchase of the inputs, generate the possibility of financing, greater competitiveness in the market and security in the quality of the supplies.

Source: Ámbito