Peru-based Banco de Credito Peru (BCP) has finally closed an electronic-wire transaction featuring a similar structure to the Banco Nacional de Mexico, S.A. (Banamex) deal which closed last year (ASR 1/8/01 p.1). The deal, backed by non-treasury electronic-wire transfers, is a first-ever out of Peru and the second of its kind out of Latin America.
Political unrest in the country delayed the CCR Inc. MT-100 Payment Rights Master Trust from coming to market before the end of 2000. The $100 million certificates series 2001-A are due Jan. 10, 2008. The deal was led by ING Barings and MBIA Insurance Corp. provided a financial guarantee.