Paul Hastings, a leading global law firm, announced today that the firm represented Peru’s second largest commercial bank BBVA Banco Continental issue $300 million worth of bonds in the international markets.
The transaction, which saw BBVA Banco Continental issue $300 million worth of 2.25 per cent 3.5-year unsecured bonds, closed on 22 January.
The low interest rate and the high demand for the notes in the market (more than $2 billion) confirmed the level of confidence of international investors in the Peruvian economy and the future performance of BBVA Banco Continental.
Latin America partners Taisa Markus, Michael Fitzgerald and international associate Guillermo Bracamonte led the Paul Hastings team, which also included Tax partner Andrew Short and Tax associate David Makso.
