Rebaza, Alcázar & De Las Casas advised Credicorp Capital Servicios Financieros S.A. as the structuring entity for the private issue of corporate bonds, issued by Menorca Inversiones S.A.C., a leading Peruvian real estate company, for up to S/38 million (approx. US$10.1 million), with the participation of Banco Interamericano de Finanzas – Banbif as representative of the bondholders. The bonds were placed on August 29, 2024.
The bonds are secured by a trust over certan real estate properties and cash flows.
The proceeds will be used to finance Menorca’s new investments in various real estate projects, as well as for working capital.