This project bond is significant because it represents one of the very few international placements of a project bond for a Latin American project and the first to be issued with a 29 year tenor. The bond is the largest dollar-denominated project bond ever issued for a Peruvian project.
Mayer Brown’s participation in this transaction continues its pioneering role in the fast-developing Latin American project bond sector. The firm previously advised issuers CE Oaxaca Dos and CE Oaxaca Cuatro in the issuance of the project bonds for two Mexican wind farms and the underwriter and lenders in the mixed project bond and commercial bank financing of the Vía Parque Rímac toll road in Lima, Peru, among other widely-reported Latin American project bonds.
The Mayer Brown team was led by partners Christopher Erckert (Banking & Finance, New York/Washington DC) and David Bakst (Corporate & Securities, New York) and included Banking & Finance partner Curtis Doty (New York) and associates Sean Kulkarni (Washington DC) and Augusto Ruiloba (New York).