Rebaza Alcázar & de las Casas has counselled Fondo MiVivienda (FMV), as borrower, on a financing of two loans, one for 551.55 million soles (approx. USD $150m) and the other for USD $150m, both granted by JP Morgan Chase Bank and guaranteed by the Multilateral Investment Guarantee Agency (MIGA).
Other firms advising on the transaction were Simpson Thacher & Barlett as advisor to FMV in New York, and Rodrigo Elias & Medrano and Norton Rose Fullbright as advisors to JP Morgan and MIGA in Peru and New York, respectively.
The funds raised will be used to finance sustainable housing projects, including the MiVivienda Sostenible, Financiamiento Complementario Techo Propio and the Nuevo Crédito MiVivienda programmes, focused on financing mortgage loans for the purchase, construction or improvement of homes. In addition, FMV intends to allocate 50% of the funds raised to finance mortgage loans for Peruvian women.
Norton Rose Fullbright’s team was represented by partner Daniel Spencer and counsel Jose Cobeña.
Rodrigo Elías & Medrano’s team included partner Nydia Guevara and associate Sebastián Briceño.
Simpson Thacher & Barlett’s team comprised partner Juan Francisco Méndez, senior counsel Kirsten L. Davis and associates Laura Grisales and Enrique Güijosa.
Rebaza Alcázar’s team was led by partner Rafael Alcázar (pictured), with support from senior associate Fiorela Ccahua and associate Valeria Sánchez Meléndez.