We advised Banco de Crédito del Perú on its international issuance of subordinated bonds in the amount of US$500 million.
The transaction involved the issuance of the “U.S.$500,000,000 5.650% Subordinated Fixed-to-Fixed Rate Notes due 2037 (Callable 2031)”, placed through a private offering in the international markets pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933. The issuance was carried out within the applicable international capital markets framework, taking into account the specific characteristics of subordinated debt instruments.
Our advice comprised comprehensive local law support on all Peruvian law aspects of the transaction, with particular focus on compliance with the Subordinated Debt Regulations applicable to financial system entities, given the subordinated nature of the notes issued.
The PRCP team in charge of the matter was led by partner Juan Antonio Egüez and included Gustavo Yokoo and Cristina Miranda.
