"Clifford Chance Advises Luz del Sur on First International Notes Offering"

"Clifford Chance has advised BofA Securities, J.P. Morgan, and Santander US Capital Markets on Luz del Sur S.A.'s debut international notes offering, totaling PEN1.38 billion (approximately US$396 million) in 6.750% notes due 2032. Luz del Sur, a major electricity distribution company in Peru owned by China Three Gorges Corporation, has entered the international capital markets for the first time. The advisory team included partners and associates from New York, Madrid, and Hong Kong, with additional tax advice provided by other partners."

**Law Firms Involved in the Transaction:** Clifford Chance LLP advised BofA Securities Inc., J.P. Morgan Securities LLC, and Santander US Capital Markets LLC as initial purchasers in the offering by Luz del Sur S.A. **Transaction Description:** Luz del Sur S.A., one of the largest electric power distribution companies in Peru and indirectly owned by China Three Gorges Corporation, successfully completed its debut international notes offering, raising PEN 1.38 billion (approximately US$396 million) through the issuance of 6.750% notes due 2032. This marks the company's first issuance of notes in the international capital markets. **Legal Team:** The Clifford Chance team was led by partner Hugo Triaca in New York, with support from associates Joyce Moore and Alexandra Machado, also in New York. Foreign lawyer Juan Andrés Bosch Muñoz provided assistance from Madrid, while partner David Tsai and senior associate Kenneth Ip contributed from Hong Kong. Additionally, partner Avrohom Gelber and law clerk DyTiesha Dunson provided tax advice. International Partner Kimi Liu from Shanghai He Ping Law Firm offered further support.

"Clifford Chance Advises Luz del Sur on First International Notes Offering"

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