Behind the deal: first co-issuance of notes by Peruvian issuers

Author: Amélie Labbé | Published: 11 Dec 2018

In what was thought to be the first co-issuance of notes by Peruvian issuers, wind farms Parque Eólico Tres Hermanas and Parque Eólico Marcona co-issued $250 million bonds in a private placement to prepay outstanding project finance debt. Milbank Tweed Hadley & McCloy and Payet Rey Cauvi Pérez Abogados advised the issuers while Clifford Chance and Garrigues Peru advised Credit Suisse Securities as placement agent and Allianz Global Investors as investor. Garrigues Peru partner Oscar Arrús and principal associate Diego Harman speak with IFLR1000  Latin America Editor, Rani Mehta, about the deal.  

Garrigues partner Oscar Arrús (OA) and principal associate  Diego Harman (DH) speak with IFLR 1000 Latin America editor Rani Mehta about the deal.

How did you win this mandate?

OA: We typically advise the placement agent for the deal, Credit Suisse, which asked us to quote given we have...