Awards and Acknoledgements
Petroperu receives “Deal of the Year” in the Quasi-Sovereign Bonds category
Petroperu receives “Deal of the Year” in the Quasi-Sovereign Bonds category

Award was granted by prestigious LatinFinance magazine, in recognition of the successful issuance of quasi-sovereign bonds to finance the PMRT.

PETROPERÚ received the Award of the Year in the Quasi-Sovereign Bond category from the prestigious international magazine LatinFinance, specialized in finance and economics, for its successful issuance of corporate bonds for US $ 2,000 million to finance the Talara Refinery Modernization Project, which took place in June 2017

It was Luis Eduardo García Rosell, Chairman of the Board of PETROPERÚ, who received this important recognition at a special ceremony held at Gotham Hall in Manhattan, New York.

The prize is awarded by the LatinFinance editors taking into account the size of the transaction, the complexity, the innovative elements, the importance of the market and the execution. The winners in each category stand out for being leaders in the industry they represent and for raising the level of financial negotiation in Latin America and the Caribbean.

As might be remembered, PETROPERÚ made a successful inaugural bond placement for US $ 2 billion in international markets. The transaction was well received by international investors, with a demand that exceeded US $ 10,000 million. The oil company reached a rate differential on Peruvian dollar bonds of approximately 140 basis points compared to other issuers, with this international transaction being the first placement of a Peruvian company for a term of 30 years.

The LatinFinance Year Awards are considered a historic event in the global financial sector, and recognize excellence in banking investment, capital market transactions and legal advisory services. The ceremony recognizes the great achievements of the year in the international financial market and involves important financiers, advisors, corporate executives and investors.

In this way, the Company and Peru receive recognition from the international financial community for raising funds under highly advantageous conditions that will allow PETROPERU to improve its corporate governance as well as the efficiency and transparency of its management; besides financing the modernization of Talara Refinery, declared project of public necessity and national interest.