Davis Polk advised Banco de Crédito del Perú (BCP), acting through its Panamanian branch, on a Rule 144A and Regulation S offering of US$700 million aggregate principal amount of 4.75% senior notes due 2016.

BCP is the largest commercial bank in Peru, based on total assets, loans, deposits, shareholders’ equity and branch network.

The Davis Polk corporate team included partner Manuel Garciadiaz, associate Yasin Keshvargar and foreign temporary associate Joshua Parraga (not admitted in New York). Partners Michael Mollerus and Harry Ballan and associate Michael Bretholz provided tax advice. Inés Velasco was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.