Hogan Lovells assists Banco Pichincha in $300m issue
Hogan Lovells, through the Latin America practice in New York, has assisted Ecuadorian bank Banco Pichincha on the second series of notes issued under its diversified payment rights (DPR) securitisation programme, in the principal amount of $300,000,000 Series 2022-1 Fixed Rate Notes due 2029.
The notes, issued by Ecuador DPR Funding on 14 July, are backed by DPR. Goldman Sachs acted as sole structuring and placement agent.
The firm’s Singapore office also advised as listing agent for the notes on the Singapore Exchange.
Hogan Lovells’ New York team was led by partner Emil Arca (pictured), assisted by partner Evan Koster, counsel David C. Tyler, senior associate Adam Lapidus, associates Lauren Kimmel and Juan D. Moreno, and paralegal Zachary Suggs, while the Singapore team consisted of partner Andy Ferris and associate Felicia Chen.
