Andrews Kurth Represents IDB in $20 Million Subordinated Loan to Banco Interamericano de Finanzas
(Washington, DC)—On January 11, 2012, the Inter-American Development Bank (“IDB”) closed on a financing facility to Banco Interamericano de Finanzas S.A., a Peruvian bank, consisting of a US$ 20 million subordinated loan qualifying as Tier II capital as defined under the Peruvian Banking Law and Peruvian Regulation on Subordinated Debt. The proceeds of the subordinated loan are to be used for increasing the Borrower’s Effective Capital and financing the origination by the Borrower of long-term residential mortgage loans in the Republic of Perú.
The U.S. based firm of Andrews Kurth LLP advised IDB on the financing.
Andrews Kurth Lawyers:
Vera Rechsteiner, Partner
Ignacio Hirigoyen, Associate
IDB In-house Counsel:
Agustín Cerda Masip
Peruvian Counsel to IDB:
Pizarro, Botto & Escobar Abogados
Ricardo Escobar, Partner
Melissa Padilla, Associate
About Andrews Kurth LLP
For more than a century, Andrews Kurth has built its practice on the belief that “straight talk is good business.” Real answers, clear vision and mutual respect define the firm’s relationships with clients, colleagues, communities and employees. With 400 lawyers and offices in Austin, Beijing, Dallas, Houston, London, New York, Research Triangle Park, The Woodlands and Washington, DC, Andrews Kurth represents a wide array of clients in multiple industries. For more information about Andrews Kurth, please visit andrewskurth.com.
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