Milbank, Tweed, Hadley & McCloy LLP recently represented the initial purchasers in two separate Peruvian bond offerings.
Milbank represented the initial purchasers in the S/200 million offering of 4.850% senior notes due 2020 by Banco de Crédito del Perú, the largest bank and the leading supplier of integrated financial services in Peru. This issuance is one of the largest local currency-denominated offerings by a Peruvian issuer in the international capital markets.
The Milbank deal team was led by partner Marcelo Mottesi, head of Milbank’s Global Capital Markets practice and co-head of the firm’s Latin America Group, along with associates Gladisley Sánchez, Delia Solomon and international attorney Leandro Belusci.
The firm also represented the initial purchasers in the $450 million offering of 8.375% senior notes due 2021 by Inkia Energy Limited and in their concurrent cash tender offer and consent solicitation.
The deal team was led by Marcelo Mottesi, along with special counsel Ben Garcia, and associates Don Canavaggio and Rocio Portela-Berrios.
Mr. Mottesi said: “We are delighted to represent the initial purchasers in two impressive bond offerings by Banco de Crédito del Perú and Inkia Energy Limited. We expect the market to remain active.”
Milbank continues to have a strong presence in Peru and maintains a deep client base in the country. Recent representations in Peru include: the $340 million inaugural bond offering by Fenix Power Perú S.A., the $550 million inaugural high yield offering by Orazul Energy and the $650 million bond offering for Peruvian Power Project Cerro del Águila S.A.
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.
