Individual decision · SMV · 12 Mar 2025
The Securities Market Superintendence (SMV) orders the exclusion of the securities known as "Second Issuance of the Third Interseguro Subordinated Bond Program" from the Public Registry of the Securities Market and the Lima Stock Exchange Securities Register. This exclusion is granted at the request of the issuer, Interseguro Compañía de Seguros S.A., following the total cancellation of obligations arising from these securities. The resolution mandates the publication of this decision on the SMV's institutional website and notifies relevant parties including the bondholders' representative, the Lima Stock Exchange, and CAVALI S.A. I.C.L.V.
PERÚ Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 1 Electronically signed document within the framework of Law No. 27269, Law on Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml General Superintendent Resolution SMV No. 013-2025-SMV/11.1 Lima, March 12, 2025 The General Superintendent of Conduct Supervision Seen:
The File No. 2025009118, as well as the Internal Report No. 340-2025-SMV/11.1 of March 12, 2025, from the General Superintendent of Conduct Supervision of the Adjacent Superintendence of Conduct Supervision of Markets.
Considering:
That, by means of a written submission presented on March 03, 2025, Interseguro Insurance Company S.A. requested the Securities Market Superintendence – SMV the exclusion of the securities named "Second Issuance of the Third Interseguro Subordinated Bond Program", which were registered and placed under the framework of the "Third Interseguro Subordinated Bond Program", in the section "Of the Institutional Investors Market" of the Public Registry of the Securities Market and of the Securities Register of the Lima Stock Exchange, due to the total cancellation of the obligations derived from them; That, it has been verified that by means of General Superintendent Resolution SMV No. 003-2019-SMV/11.1 of January 15, 2019, the issuance program named "Third Interseguro Subordinated Bond Program" was registered, up to a maximum circulating amount of US$ 100,000,000.00 (One Hundred Million and 00/100 United States Dollars) or its equivalent in Soles, and the corresponding Master Prospectus was registered in the section "Of the Institutional Investors Market" of the Public Registry of the Securities Market; That, on September 27, 2019, within the framework of the "Third Interseguro Subordinated Bond Program" and under an automatic approval procedure, the securities named "Second Issuance of the Third Interseguro Subordinated Bond Program" were registered, up to a maximum amount of US$ 20,000,000.00 (Twenty Million and 00/100 United States Dollars), and the corresponding Complement to the Master Prospectus was registered in the section "Of the Institutional Investors Market" of the Public Registry of the Securities Market and in the Securities Register of the Lima Stock Exchange; That, it is necessary to indicate that article 6, numeral 6.1, of the Regulations of the Institutional Investors Market, approved by
PERÚ Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 2 Electronically signed document within the framework of Law No. 27269, Law on Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml SMV Resolution No. 021-2013-SMV/01 and its amendments, provides that the competence of the Securities Market Superintendence – SMV, within the framework of the exceptional regime of public offers directed exclusively to institutional investors, is limited solely to the verification of the presentation of the documentation or requirements established in said regulations; That, from the review of the documentation presented by Interseguro Insurance Company S.A., the presentation of the documents referred to the total cancellation of the obligations derived from the securities "Second Issuance of the Third Interseguro Subordinated Bond Program" has been verified, as provided by articles 17 and 18 of the Regulations of the Institutional Investors Market; That, article 39, subsections a) and b), of the Single Text of the Securities Market Law, Legislative Decree No. 861, approved by Supreme Decree No. 020-2023-EF, and article 18, numeral 18.3, of the Regulations of the Institutional Investors Market, establish that the exclusion of a security from the Public Registry of the Securities Market takes place by reasoned resolution of the SMV, at the request of the issuer, when the registration of the securities has originated by its own will and when the extinction of rights over the security operates, by amortization, total redemption or other cause; likewise, article 6, numeral 6.14, of the Regulations of the Institutional Investors Market provides that in no case is the formulation of a public buy offer applicable to the exclusion of the security referred to in article 41 of the Single Text of the Securities Market Law; That, Interseguro Insurance Company S.A. has complied with presenting the information and documentation required by the Single Text of the Securities Market Law and by the Regulations of the Institutional Investors Market, to request the exclusion of the securities named "Second Issuance of the Third Interseguro Subordinated Bond Program" from the section "Of the Institutional Investors Market" of the Public Registry of the Securities Market; That, article 7, numeral 6, of the Policy on Dissemination of Normative Projects, General Legal Norms, Early Agenda and Other Administrative Acts of the SMV, approved by SMV Resolution No. 014-2014-SMV/01 and its amending norms, establishes that the decisions contained in administrative resolutions that resolve the exclusion of securities from the Public Registry of the Securities Market must be subject to dissemination through the Institutional Website of the SMV on the Single Digital Platform of the Peruvian
State for Citizen Orientation (www.gob.pe/smv); and, Being in accordance with what is provided by article 39, subsections a) and b), of the Single Text of the Securities Market Law; articles 17, numeral 17.1, and 18 of the Regulations of the Institutional Investors Market; as well as by article 46, numeral 6, of the Organization and Functions Regulations of the Securities Market Superintendence, approved by Supreme Decree No. 216-2011-EF and its amendments, which empowers the General Superintendent of Conduct Supervision to dispose of the exclusion of securities from the Public Registry of the Securities Market.
PERÚ Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equal Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 3 Electronically signed document within the framework of Law No. 27269, Law on Digital Signatures and Certificates, its regulations and amendments. The integrity of the document and the authorship of the signature(s) can be verified at https://apps.firmaperu.gob.pe/web/validador.xhtml Resolves:
Article 1°.- Order the exclusion of the securities named "Second Issuance of the Third Interseguro Subordinated Bond Program", issued by Interseguro Insurance Company S.A., from the section "Of the Institutional Investors Market" of the Public Registry of the Securities Market.
Article 2°.- Rule in favor of the exclusion of the securities indicated in the preceding article from the Securities Register of the Lima Stock Exchange.
Article 3°.- Disseminate this resolution on the Institutional Website of the SMV on the Single Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv).
Article 4°.- Transcribe this resolution to
Interseguro Insurance Company S.A.; as issuer and structuring entity; to the Credit Bank of Peru, as Representative of the Bondholders; to the Lima Stock Exchange S.A.; and, to CAVALI S.A. I.C.L.V.
Register, communicate and disseminate.
Alix Godos
General Superintendent
General Superintendent of Conduct Supervision
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The documents this one cites, and the documents that cite it.
“Policy on Dissemination of Normative Projects... approved by SMV Resolution No. 014-2014-SMV/01 and its amending norms”
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