ADVISED CORPORACIÓN FINANCIERA DE DESARROLLO S.A.- COFIDE – IN ITS THIRD INTERNATIONAL SENIOR NOTES ISSUANCE FOR THE TOTAL AMOUNT OF US$ 800 MM.

Hernandez & Cía. Abogados advised Corporación Financiera de Desarrollo S.A. (COFIDE), in its third international senior notes issuance for the total amount of US$ 800 MM. The placement of senior unsecured notes was made through a offering under Rule 144A / Regulation S of the U.S.A.

Despite the uncertainty of the international market due to the Greek financial situation, COFIDE has obtained an excellent demand – over three times oversubscribed – and has issued US$ 600 MM 4.750% senior notes due 2025. In addition, appetite from the international market over COFIDE’s notes has been reassured, as its 3.250% senior notes due 2019 were reopened, obtaining additional US$ 200 MM.

The transaction was structured by Citigroup, Morgan Stanley and Standard Chartered Bank as initial purchasers. The amounts received by COFIDE will be invested mainly in Peruvian infrastructure projects currently under development.

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