PRCP Abogados advises on $4bn bond structuring for the Republic of Peru

Payet, Rey, Cauvi, Pérez Abogados has assisted the underwriters in the structuring of the Republic of Peru’s first sustainable sovereign bonds for $4 billion dollars

 Payet, Rey, Cauvi, Pérez Abogados has advised BNP Paribas Securities Corp, BofA Securities, Inc, P. Morgan Securities LLC, Morgan Stanley & Co. LLC in the structuring of the first sustainable sovereign bonds of the Republic of Peru in three dollar tranches for a total amount of $4 billion US dollars. This is the first sustainable bond issuance under Peru’s ESG framework.

The Peruvian government will use the proceeds to invest in green projects, such as renewable energy, low-carbon transport infrastructure and sustainable agriculture, as well as social projects, including affordable housing, education and essential health services, and support for small and medium-sized enterprises.

PRCP’s team consisted of partner José Cúneo and associate Camila Mariátegui.