Simpson Thacher Represents BBVA, Bank of America and Goldman Sachs in BBVA Peru’s Tier II Capital Bond Offering and Tender Offer
03.14.24
This is only gets display when printing
The Firm represented BBVA, Bank of America and Goldman Sachs as initial purchasers in connection with the offering by Banco BBVA Peru (“BBVA Peru”) of an aggregate principal amount of US$300 million Subordinated Notes due 2034 in reliance upon Rule 144A and Regulation S under the Securities Act. The notes will qualify as BBVA Peru’s Tier II Regulatory Capital. The Firm also represented BBVA, Bank of America and Goldman Sachs as dealer managers in connection with a concurrent cash tender offer whereby BBVA Peru offered to purchase any and all of its outstanding 5.250% Subordinated Notes due 2029.
BBVA Peru is a leading provider of banking services for retail customers and commercial clients in Peru. Interbank is a subsidiary of BBVA Peru Holding S.A.C. which is a subsidiary of Banco Bilbao Vizcaya Argentaria S.A., a NYSE listed company.
The Simpson Thacher team included Juan Francisco Méndez, Jon Vicuña, Laura Ribero and Larissa Gebrim (Capital Markets); and Jonathan Cantor and Jiha Min (Tax).