Parque Eólico Tres Hermanas S.A.C. and Parque Eólico Marcona S.A.C.’s $250 Million Notes Offering


Clifford Chance, Garrigues and Payet, Rey, Cauvi, Pérez advised on the transaction

Allianz Global Investors has acquired a 17-year, $250 Million bond through a private placement with the Peruvian asset management firm Sigma.

Credit Suisse Securities (USA) LLC acted as the sole placement agent and bookrunner of the notes. The notes were rated “BBB-” with a stable outlook by Fitch. Credit Suisse privately placed the notes to AllianzGI, which has made the investment on behalf of its clients. The sponsor, Sigma Fondo de Inversión en Infraestructura – Sigma FI, is one of the largest investment fund managers in Peru. The wind farms are located in the Marcona district in the province of Nazca in Peru, and collectively they generated over 60% of total wind energy in Peru during 2017. The projects have long-term power supply and concession agreements with the Peruvian government, represented by the Ministry of Energy.

Clifford Chance advised Allianz Global Investors U.S. LLC and Credit Suisse Securities (USA) LLC with Gianluca Bacchiocchi (Picture) Hugo F. Triaca, Luis Maria Clouet and legal Kiara Spoerer.

In Lima, Garrigues advised Allianz Global Investors U.S. LLC and Credit Suisse Securities (USA) LLC with Oscar Arrús, Javier de la Vega, Diego Harman and María Fernanda Tamayo.

Payet, Rey, Cauvi, Pérez Abogados advised Parque Eólico Tres Hermanas S.A.C. and Parque Eólico Marcona S.A.C. with Eduardo Vega, Vanessa Watanabe, Alan García Nores and María Fernanda Ríos.

Involved fees earner: Eduardo Vega – Payet, Rey, Cauvi, Pérez, Mur; Alan García Nores – Payet, Rey, Cauvi, Pérez, Mur; María Fernanda Ríos – Payet, Rey, Cauvi, Pérez, Mur; Vanessa Watanabe – Payet, Rey, Cauvi, Pérez, Mur; Oscar Arrús – Garrigues; Diego Harman – Garrigues; Javier Efraín de la Vega Gómez – Garrigues; Gianluca Bacchiocchi – Clifford Chance; Hugo Triaca – Clifford Chance; Luis Maria Clouet – Clifford Chance;

Law Firms: Payet, Rey, Cauvi, Pérez, Mur; Garrigues; Clifford Chance;

Clients: Credit Suisse Securities Limited; Allianz Global Investors; Parque Eólico Tres Hermanas S.A.C.; Parque Eólico Marcona S.A.C.;

Author: Ambrogio Visconti