Castillo y Castillo advises a Dominican company that launches the first Equity Funds Trust Public Offer
October 10, 2019
Castillo y Castillo advised Pasteurizadora Rica -leader in production and marketing of dairy products and juices- in the launch of its public offering of equity funds securities through the RICA 03–FU Equity Funds Trust Public Offer, for an amount of eight billion Dominican pesos with 00/100 (DOP 8,000,000,000.00).
This transaction is the first Equity Funds Trust Public Offer of Securities backed by common shares of said company, therefore, it constitutes a historical event for the securities market of the Dominican Republic and we are proud to be a part of it.
We thank Pasteurizadora Rica, S.A. for trusting Castillo y Castillo as their legal advisors to accompany them in the fulfillment of this accomplishment and for allowing us to be part of their history. We congratulate all the organizations and institutions that worked on the structuring of the public offering of equity funds securities called RICA 03 –FU.
About Castillo y Castillo
With over 85 years in the market, Castillo y Castillo has extensive experience in the Dominican Securities Market, having participated in the first public bond issuance, in the first Public Issuance of Subordinated Debt Bonds and in the first public issuance of trust securities made in the Dominican Republic.
The firm’s work history adds its recent participation in the issuance of the public offer of equity funds securities backed by capital shares approved by the Securities Market Superintendence, a pioneer transaction in the country.
For three consecutive years, the firm has been nominated as a finalist in the “Dominican Law Firm of the Year” category for the Chambers Latin America Awards for Excellence.