Advised Interbank in arranging, registering and placement of the first issuance of the first program of short term debt securities of Agrobanco for US$ 60 MM

Hernández & Cía. Abogados advised Banco Internacional del Perú - Interbank in arranging and registering the First Program of Short Term Debt Securities of up to S/. 200 Millions, as well as in the placement of the first issuance under that program.

Agrobanco is a State owned company that is part of the Peruvian financial system, focused on granting loans to the agriculture and livestock sector, being the main support of the Peruvian State for the development of such sector.

This is the first placement of Agrobanco in the securities market that took place under the frame of the First Program of Short Term Debt Securities of the issuer. The tenor of the securities was 360 days and the proceeds are to be used to expand issuer's banking operations, and for working capital facility purposes. The issuer expects to continue with more placements until the end of next year, approximately.
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