Clifford Chance counsels on US$400 million bond issuance by Scotiabank Peru
Clifford Chance has represented Scotia Capital (USA) and Goldman Sachs, as initial purchasers, in connection with the US$400 million 6.100% tier 2 subordinated notes due 2035 by Scotiabank Peru. The issuance marks Scotiabank Peru’s first international offering in over a decade.
The Clifford Chance team advising on the deal comprised partner Hugo Triaca, associates Joyce Moore and Jorge Vázquez Navarro, and summer law clerk Victoria Torres. Partner Avrohom Gelber advised on tax matters.
Global law firm Clifford Chance has advised Corporación Financiera de Desarrollo S.A. (COFIDE), the Peruvian state-owned development bank, on its (i) offering of US$400 million 5.500% Notes due 2030 under Rule 144A/Reg S, and (ii) related tender offer for its 4.750% Notes due 2025.
Recently, Clifford Chance has advised Corporación Financiera de Desarrollo (COFIDE), Peru’s state-owned development bank, on its latest international sustainable bond offering of US$400 million in 5.500% notes due 2030, issued under Rule 144A/Reg S. The transaction also included a tender offer for its 4.750% notes due 2025.
