We advised BCP on the takedown under its MTN program

Davis Polk advised Banco de Crédito del Perú (BCP) in connection with an offering of $500 million aggregate principal amount of 6.600% subordinated fixed-to-fixed-rate notes due 2037 (callable 2031) under its existing medium-term notes program. The notes were issued pursuant to Rule 144A and Regulation S under the Securities Act. The proceeds from the offering will be used by BCP for general corporate purposes, including, among other things, refinancing of outstanding obligations.

Based in Lima, Peru, BCP is the largest commercial bank in Peru, providing a full range of corporate, retail and investment banking products to clients through a nationwide distribution network.

The Davis Polk corporate team included partner Manuel Garciadiaz, counsel Drew Glover and associates Agustin N. Lopez Roualdes and Diego Tomas Jimenez Juri. The tax team included counsel Dustin Plotnick and associates Fred (Chen) Fu and Benjamin Yi. Associates Rebecca Sattaur and Hamza Suhail provided 1940 Act advice. Members of the Davis Polk team are based in the São Paulo, New York and Northern California offices.

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