Rubio Leguía Normand acted as legal advisor to Electro Dunas S.A.A. ("Electro Dunas") in the registration of the First Program of Representative Instruments of Debt Electro Dunas ("Program"), as well as in the first and second issuance of corporate bonds under the Program.
The first and second issuance were placed through a public offer addressed exclusively to Institutional Investors, under the provisions of the Institutional Investor Market Regulations, approved by Superintendency Resolution No. 021-2013-SMV/01, and in the respective Program documents.
On December 10, 2020, Electro Dunas held the Serie A auction of the First Issuance of Corporate Bonds, placing S/. 230'500,000.00 (Two hundred and Thirty Million Five Hundred Thousand and 00/100 Soles), an amount equivalent to approximately US$ 64,380,401.80. On the same date, Electro Dunas held the Serie A auction of the Second Issuance of Corporate Bonds, placing S/. 65'500,000.00 (Sixty-Five Million Five Hundred Thousand and 00/100 Soles), amounting to approximately US$ 18,294,647,80.
The issuance is the first made by Electro Dunas and involved a certain level of complexity, as it is an issue made under the Institutional Investor Regime of a company that, as well, maintains values registered in the Public Register of the Securities Market under the General Public Offerings Regime. As long as said duality is not recurrent in such operations, it involved the joint analysis of both regulations, which sets a precedent for future emissions.