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June 1, 2016

Miranda & Amado steers Mivivienda issuance

Peruvian state-owned mortgage provider Fondo Mivivienda has issued 116 million soles (US$34.5 million) worth of corporate bonds with help from Rebaza, Alcázar & De Las Casas Abogados Financieros.

Miranda & Amado was counsel to BBVA Banco Continental, which acted as arranger and placement agent. The bonds were issued on 4 April.

Fondo Mivivienda will invest the funds it has raised in new financial products created following reforms to Peru’s housing development legislation. The new financial products aim to address Peru’s housing shortage by offering new leasing options. According to the Peru’s national statistics institute, the country lacks almost two million homes.

Counsel to Fondo Mivivienda

In-house counsel – Mauricio Gustin de Olarte and Alexandra Pravatiner

Rebaza, Alcázar & De Las Casas Abogados Financieros

Partner Rafael Alcazar and associate Pedro Diaz

Counsel to BBVA Banco Continental

Miranda & Amado Abogados

Partners Nydia Guevara Villavicencio and Juan Luis Avendaño Cisneros, and associate Josué Jaen