Miranda & Amado assists in Alicorp’s bond issue

Miranda & Amado has assisted Credicorp Capital and Banco BBVA Peru, as co-arrangers, in the third issue of short term instruments for PEN 125 million and the third issue of corporate bonds for PEN 175 million issued by Alicorp under its first debt instruments programme.

The third corporate bond issue has been the largest bond issue in Peru during the last 3 years. The third issue of short-term instruments obtained the lowest rate in the market at 2023.

This transaction was completed on 21 December 2023, for an aggregate value of PEN 300 million (approximately USD 80 million).

In-house counsel advising on this transaction included Carla Cardoza for Alicorp, Madelaine Castro for Credicorp Capital, and Giovanna Otiniano and Mateo Lanata for Banco BBVA Peru.

M&A’s team included partner José Miguel Puiggros (pictured left) and associate Gabriel Boucher (pictured right).