Alonso Miranda and Pablo Berckholtz

Echecopar acts in the private placement of Protecta

Estudio Echecopar, associated with Baker & McKenzie International, has advised Protecta Compañía de Seguros in the issuance and placement by private offering directed exclusively to Institutional Investors of Subordinated Bonds in the amount of USD 25’000,000 under the “First Subordinated Bond Program of Protecta S.A. Compañía de Seguros” up to an amount of PEN 100’000,000.00 (or its equivalent in other currencies or units of value).

The transaction involved certain complexities as the purchaser of the subordinated bonds, the International Finance Corporation, is a global development institution. As such, the terms and conditions were negotiated on a cross-border basis and included involvement in the review of certain documents under the laws of England and Wales.

Echecopar’s team comprised partners Alonso Miranda (pictured left) and Pablo Berckholtz (pictured right), and associate Lara Sarlui advised the issuer on the transaction.

L Giselle Estrada