Shearman & Sterling represented Banco Internacional del Perú S.A.A. - Interbank in connection with its 144A/Regulation S issuance of $300 million aggregate principal amount of 4.000 percent subordinated notes due 2030. The subordinated notes qualify as Tier 2 capital pursuant to Peruvian banking regulations.
Interbank is a leading provider of a wide range of financial products and banking services for retail customers and commercial clients in Peru. Interbank intends to use the net proceeds from the offering for general corporate purposes.
The Shearman & Sterling team below also included visiting attorney Sofia Gallo.