Rebaza, Alcázar & De Las Casas advised Fondo MiVivienda on a US$ 400 million offering of notes due 2031 in the international market under Rule 144A and Regulation S, and on the tender offer for its outstanding notes denominated "4.625% Notes due 2027" for up to US$ 375 million (equivalent to 62.5% of the outstanding principal amount of the 2027 notes). The new notes were issued on March 31, 2026.
The notes were primarily allocated to banks, insurance companies, pension fund administrators and international asset managers. BofA Securities, J.P. Morgan and Scotia Capital (USA) acted as structuring entities.
The proceeds from the offering were applied to tender offer of the 2027 notes, while the excess will be applied to the company's general corporate purposes, which are aligned with Fondo MiVivienda's institutional mission to facilitate access to housing finance for low-income families and individuals through its mortgage lending programs, and the promotion of sustainable and eco-efficient housing.
Fondo MiVivienda is a Peruvian state-owned private-law entity whose main purpose is to facilitate access to housing finance for low-income families and individuals, contributing to reducing the country's housing deficit. It operates through intermediary financial institutions, channeling mortgage products and subsidy programs to populations historically underserved by the formal financial system.
Legal Counsels to Fondo MiVivienda
Simpson Thacher & Bartlett LLP
Partners Juan Francisco Méndez and Johnathan Cantor, Senior Counsel Kirsten L. Davis, International Associate Alicia Corbo, and Associate Heesang Yeo
Rebaza, Alcázar & De Las Casas
Partners Rafael Alcázar and Roberto Polo, Counsel Daniela Urquiza, Senior Associates Pedro Díaz and Camila Hernández, and Associate Sebastián Scarneo
In-House Legal Counsels to Fondo MiVivienda
Legal Manager María Elena Palacios Quiroz, Head of Legal – Corporate Affairs Lourdes Feijoo Siña, and Legal Counsel Giuliana Moreno Horna
Legal Counsels to BofA Securities, J.P. Morgan and Scotia Capital (USA)
Paul Hastings LLP
Partner Grissel A. Mercado, Of Counsel Maria Marulanda Larsen, and Legal Assistant Allison McFall
Miranda & Amado
Partner Juan Luis Avendaño Cisneros, and Associates Gabriel Boucher and María Fernanda Lazo