Rebaza, Alcázar & De Las Casas advised Banco de Credito del Peru – BCP in its role as structuring entity in the Fifth Private Issue of Securitized Bonds of Inmuebles Panamericana – IPSA, within the Securitization Trust from the Second Issue Program of Securitized Bonds of Inmuebles Panamericana, for up to S/110 million.
The bonds are backed by a securitization trust comprising certain collection rights and cash flows. Additionally, the bonds are backed by certain specific collateral.
The bonds have been issued by private offering and are directed exclusively to institutional investors.
IPSA is a national leader regarding the administration of malls, and in the real estate and retail sectors. It owns Mega Plaza Independencia, one of the most relevant shopping centers in Peru, with preponderant influence all over Lima Norte, and is part of the Parque Arauco companies group, a holding of Chilean capital, of recognized prestige in the conductment and development of top-tier shopping centers, such as Larcomar in Miraflores, and Outlet Arauco and ViaMix in Lurin.
The funds obtained from the bonds’ placement will be used to redeem all outstanding bonds issued under the First Issue Program of Securitized Bonds – IPSA and Subsidiaries.
Asesores Legales del Estructurador
In-House Counsels
Melissa Calderón and Madelaine Castro.
Rebaza, Alcázar & De Las Casas
Partner Daniel Gonzales and senior associate Fiorela Ccahua.
Asesores Legales del Originador
In-House Counsel
Alejandra Uribe Claudia Ramos.
Estudio Echecopar – asociado a Baker & McKenzie International
Partner Alonso Miranda and senior associate Adrián Tovar.