MAV Credit Peru

completed

The proposed project would involve supporting HMC Capital Peru S.A. (the “Fund Manager”) in raising and structuring HMC Capital High Yield Peru (the “Fund” or “Project”), a credit opportunity fund (“COF”), in IFC’s capacity as a potential investor in the Fund. This capital market vehicle would mobilize local institutional investors to provide financing for local companies through capital markets issuances.As part of IFC’s Capital Market Development Strategy, the project has the potential to enhance the development of the local debt capital market in Peru by channeling capital flows from local institutional investors into public credit markets for medium-size companies. The Fund will invest primarily in bonds listed on the Peruvian alternative securities exchange (Mercado Alternativo de Valores “MAV”), a platform focused on small- and medium-size companies. The project is expected to enhance capital market liquidity, extending available credit tenors, and supporting further primary issuance of new bonds as well as its secondary market in the country.