H&Cía and M&A in Fondo MIVIVIENDA’s Debt Instruments Program
Hernández & Cía. has advised Fondo MIVIVIENDA in the placement of S/ 91’000,000.00 (USD 24.6MM approximately) in short-term instruments in the First Issue of Fondo MIVIVIENDA’s First Short-Term Debt Instruments Program, which was structured by Banco BBVA Perú, an entity advised by Miranda & Amado.
The offering was directed exclusively to institutional investors and the demand for such instruments was S/ 133’800,000.00 (approximately USD 36.1MM).
In this case, the proceeds from the placement of these short-term instruments will be used to finance Fondo MIVIVIENDA’s operating expenses, the payment of financial debt services and the performance of credit financing operations typical of its line of business.
Fondo MIVIVIENDA is an entity that promotes access to adequate housing in the Republic of Peru.
H&Cía’s team included partner Juan Luis Hernández (pictured left), senior associate Erick Calla and associate Rafaela Chumpitazi.
Miranda & Amado’s team consisted of partner Álvaro Del Valle (pictured right) and associates Gabriel Boucher and María Fernanda Lazo.
