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 $600 million aggregate principal amount of 5.800% subordinated fixed-to-fixed-rate notes due 2035 (callable 2030) 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 Manuel Garciadiaz, Drew Glover and Agustin N. Lopez Roualdes. The tax team included Michael Mollerus and Michelle Zhao. Leon E. Salkin and Caleb Beavers 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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