Estudio Echecopar, a member firm of Baker Mckenzie International, advised Protecta Security on the private offering of Subordinated Notes for an aggregate principal amount of USD 25'000,000 under "Protecta S.A. Compañía de Seguros' First Subordinated Bond Program" (Primer Programa de Bonos Subordinados de Protecta S.A. Compañía de Seguros) up to PEN 100'000,000.00 or its equivalent in United States Dollars.
The described transaction entailed certain complexities as the purchaser of the subordinated bonds, the International Finance Corporation, is a global development institution. As such, the terms and conditions were negotiated on a cross-border basis and included the intervention in the review of certain documents under the laws of England and Wales.
Partners Alonso Miranda and Pablo Berckholtz and associate Lara Sarlui advised the issuer throughout the process.
