Estudio Echecopar, member firm of Baker McKenzie International, acted as Peruvian legal counsel to Banco Internacional del Peru S.A.A. ("Interbank") in connection with the tender offer to purchase all of its outstanding “6.625% Fixed-to-Floating Rate Subordinated Notes due 2029” (the "Tender Offer"). The transaction involved the participation of BofA Securities and J.P Morgan as dealer managers. The Tender Offer was accepted by holders that represented 64.95% of the aggregate principal amount of the outstanding notes, which received as consideration USD 1,000 for each USD 1,000 of principal amount of validly tendered notes (for a total amount of  USD 194'852,000), plus accrued and unpaid interest.

Partner Alonso Miranda and associate Adrian Tovar advised Interbank during the whole process, including the approval that had to be obtained from the Superintendencia de Banca, Seguros y AFP (SBS) to proceed with the Tender Offer.