"Banco de Crédito del Perú Raises $500 Million Through Subordinated Notes Offering"

"Davis Polk advised Banco de Crédito del Perú (BCP) on a $500 million offering of subordinated fixed-to-fixed-rate notes due 2037, callable in 2031. The offering, facilitated by BofA Securities, Goldman Sachs, J.P. Morgan, and Santander, will fund general corporate purposes, including refinancing obligations. BCP, the largest commercial bank in Peru, offers a range of banking products nationwide. The advisory team included members from Davis Polk's offices in São Paulo, New York, and Northern California."

Davis Polk & Wardwell LLP advised Banco de Crédito del Perú (BCP) in connection with a $500 million offering of subordinated fixed-to-fixed-rate notes. BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Santander US Capital Markets LLC acted as dealers for the offering. The transaction involved the issuance of $500 million aggregate principal amount of 5.650% subordinated fixed-to-fixed-rate notes due 2037, which are callable in 2031, under BCP's existing medium-term notes program. The proceeds from the offering will be utilized for general corporate purposes, including the refinancing of outstanding obligations. The Davis Polk corporate team included partner Manuel Garciadiaz, counsel Drew Glover, and associate Agustin N. Lopez Roualdes. The tax team comprised partner Michael Mollerus and associate Fred (Chen) Fu, while associates Rosina Curren and Uche I. Polanco provided 1940 Act advice. Members of the Davis Polk team are based in the São Paulo, New York, and Northern California offices.

"Banco de Crédito del Perú Raises $500 Million Through Subordinated Notes Offering"

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