Clifford Chance

Clifford Chance advises on US$400 million tier 2 bond issuance by Scotiabank Peru

Global law firm Clifford Chance has advised Scotia Capital (USA) Inc. and Goldman Sachs & Co. LLC, as initial purchasers, in connection with the US$400 million 6.100% Tier 2 Subordinated Notes due 2035 by Scotiabank Peru S.A.A. The issuance marks Scotiabank Peru's first international offering in over a decade.

The Clifford Chance team advising on the deal comprised partner Hugo Triaca, associates Joyce Moore and Jorge Vázquez Navarro, and summer law clerk Victoria Torres. Partner Avrohom Gelber advised on tax matters.

Clifford Chance advises on many similar transactions in the market, including recently advising Peru's COFIDE on its sustainable bond offering and related tender offer.