Estudio Echecopar, member firm of Baker McKenzie International, acted as legal counsel to Arauco Holding Peru, as issuer, in structuring a private program of corporate bonds for an aggregate principal amount of PEN 400 million and a senior unsecured first issuance for a total amount of PEN 150 million (approximately USD 40 million) due on 2039, which was oversubscribed by 3 times and achieved an interest rate of VAC plus 3.53%.
The proceeds will be used to refinance certain existing debt, finance the Issuer's business operations and other general corporate uses.
Partner Alonso Miranda and associates Ana Paula Saavedra and Adrian Tovar advised the issuer throughout the whole process.
