Alonso Miranda,Adrián Tovar and Lara Sarlui

Echecopar counsels on bond issue for hotel construction at Lima airport

Estudio Echecopar, associated with Baker & McKenzie International, has counselled Credicorp Capital Servicios Financieros, as structurer, in a private offering of corporate bonds issued by Costa del Sol for a total amount of S/ 82.5 million.

The proceeds of the issuance will be used to finance the construction of a new hotel of the brand in the new terminal of Jorge Chávez International Airport in Lima.

All bonds were issued in favour of the “Fondo de Inversión Credicorp Capital Deuda Soles I”, managed by Credicorp Capital Sociedad Administradora de Fondos. The collateral for the bonds consisted of two trusts administered by Scotiabank Peru, which included real estate, collection rights and cash flows related to the issuer’s hotel business.

Echecopar’s team included partner Alonso Miranda (pictured left) and associates Adrián Tovar (pictured centre) and Lara Sarlui (pictured right).

L Giselle Estrada