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Professional notice

Estudio Echecopar member firm of Baker McKenzie International

Peru

Read this firm's editorial profile in the Latin Lawyer 250 2018

Estudio Echecopar member firm of Baker McKenzie International
Estudio Echecopar member firm of Baker McKenzie International

Estudio Echecopar has a rich 69 years of history servicing domestic and international clients in this dynamic market. The combination of our rich local knowledge and experience with the global resources and reach of Baker McKenzie open new doors for our domestic clients and create opportunities for our lawyers and staff to serve an expanded roster of international companies eager to grow in Peru.

Our services

Antitrust and competition | arbitration and litigation | banking and finance | bankruptcy | capital markets | civil law | compliance | corporate | employment | environmental |  intellectual property | international commercial and trade | ITC | M&A | mining, energy and infrastructure | pharmaceutical | project finance | public law | real estate | regulatory | tax | transfer pricing.

Capital markets

Advised Fondo MIVIVIENDA in connection with the issuance of its 7.000% corporate bonds due in 2024 (the Notes) for an aggregate principal amount of 1,500 million sol and the offering (i) to Peruvian investors in a local public offering, and (ii) to international investors in the form of GDNs in an international private offering, pursuant to Rule 144A and Regulation S of the US Securities Act of 1933. It was the largest non-sovereign issuance in local currency since 2010 and the first non-sovereign issuance of notes in GDNs.

Work highlights

Advised the Republic of Peru in connection with three simultaneous and interrelated transactions: (i) the issuance of sovereign bonds in the international market for an aggregate principal amount of USD 3,089,320,000 at a rate of 5.95% and with a term of 10 years, (ii) a tender offer for Global Depositary Notes (GDN) under Rule 144A and Regulation S of the US Securities Act of 1933 in the amount of US$36, 133,244, and (iii) tender offer to purchase global bonds maturing in 2019 at a rate of 7.125% in the amount of USD 254,667,527.

•       Lenders' counsel in connection with a credit facility agreement for an amount over US$1.3 billion executed with PETROPERÚ a state-owned oil and gas company, to finance an important portion of the investment required for the modernisation of the Talara Oil Refinery in Northern Peru for the increase of its production capacity from approximately 62,000 BPSD to approximately 95,000 BPSD.

•       Advised Bow Power, the sponsor of Concesionaria Linea de Transmision CCNCM on a US$175 million hybrid refinancing. The project consists of a transmission line that runs 370 kilometres across north Peru, connecting the northern regions of Carhuaquero, Cajamarca, Cáclic and Moyobamba. This allows the transmission of electricity to the Northeast towards the Amazon and will support growing power supply and demand, thereby improving the reliability of the transmission system in this part of the country. 

Latin America Niche Market Deal of the Year 2018 by CFG Media Group.

Partners – 30, associates – 75

Av. La Floresta 497, Piso 5
San Borja, Lima 41
Perú
Tel: +51 1 618 8500
Fax: +51 1 372 7374
www.echecopar.com.pe
www.bakermckenzie.com

This a professional notice: all recommended firms are invited, but not required to supply a professional notice that is published notice that is published in return for a free.

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