Individual decision · SMV · 24 Oct 2025
The Securities Market Superintendence (SMV) orders the exclusion from the Public Registry of the Securities Market of the securities known as the "Seventh Corporate Bond Program of BBVA Bank Peru – Second Issuance" and the emission program itself, due to the total cancellation of obligations and the expiration of the program's validity period. This exclusion also applies to the Lima Stock Exchange's Securities Register. The decision exempts the issuer from conducting a Public Buyout Offer for Exclusion because the securities are fully extinguished, and the resolution is disseminated via the SMV's institutional website and communicated to the issuer, bondholder representative, the Lima Stock Exchange, and CAVALI S.A. I.C.L.V.
PERU Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equality of Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 1 Electronically signed document under the framework of Law No. 27269, Law of 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. 056-2025-SMV/11.1 Lima, October 24, 2025 Acting General Superintendent of Conduct Supervision Seen:
File No. 2025042054, as well as Internal Report No. 1535-2025-SMV/11.1, from the General Superintendent of Conduct Supervision of the Adjunct Superintendence of Market Conduct Supervision. Considering:
That, by means of a written request presented on September 25, 2025, BBVA Bank Peru requested the Securities Market Superintendence – SMV, through the Single Window system, the exclusion of the securities denominated "Seventh Corporate Bond Program of BBVA Bank Peru – Second Issuance", which were registered and placed under the framework of the "Seventh Corporate Bond Program of BBVA Bank Peru", from the Public Registry of the Securities Market and from 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 Resolution of General Superintendent SMV No. 037-2018-SMV/11.1 of May 18, 2018, within the framework of an advance proceeding, the emission program denominated "Seventh Corporate Bond Program of BBVA Continental Bank" (now, "Seventh Corporate Bond Program of BBVA Bank Peru"), up to a maximum amount in circulation of US$ 1,000,000,000.00 (One Billion and 00/100 United States Dollars) or its equivalent in Soles, was registered, and the corresponding Master Prospectus was registered in the Public Registry of the Securities Market; That, by means of Resolution of General Superintendent SMV No. 032-2023-SMV/11.1 of April 19, 2023, the registration of the Second Master Prospectus corresponding to the "Seventh Corporate Bond Program of BBVA Bank Peru" was ordered in the Public Registry of the Securities Market, which consolidated all the variations made to it; That, within the framework of the "Seventh Corporate Bond Program of BBVA Bank Peru", on May 22, 2018, under an automatic approval procedure, the securities denominated "Seventh Corporate Bond Program of BBVA Continental Bank – Second Issuance"
PERU Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equality of Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 2 Electronically signed document under the framework of Law No. 27269, Law of 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 (now denominated "Seventh Corporate Bond Program of BBVA Bank Peru – Second Issuance"), up to the equivalent in Soles of US$ 1,000,000,000.00 (One Billion and 00/100 United States Dollars), were registered, and the Complement to the Master Prospectus corresponding was registered in the Public Registry of the Securities Market and, subsequently, in the Securities Register of the Lima Stock Exchange; That, from the evaluation of the documentation presented by BBVA Bank Peru, it has been verified the presentation of the documents referred to the total cancellation of the obligations derived from the securities denominated "Seventh Corporate Bond Program of BBVA Bank Peru – Second Issuance"; That, BBVA Bank Peru has presented the information and documentation required by the Single Text of the Law of the Securities Market, Legislative Decree No. 861, approved by Supreme Decree No. 020-2023-EF, as well as by the Regulation on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, for the purposes of the exclusion of the securities "Seventh Corporate Bond Program of BBVA Bank Peru – Second Issuance"; That, taking into account what is indicated in the preceding consideration, it has been observed that with the exclusion of the securities "Seventh Corporate Bond Program of BBVA Bank Peru – Second Issuance", all the securities registered under the framework of the emission program "Seventh Corporate Bond Program of BBVA Bank Peru" will be excluded from the Public Registry of the Securities Market; that the validity period of the aforementioned emission program has expired, making it impossible to carry out new placements and/or issuances of securities under the same; and, that the cessation of public interest has occurred; complying with what is established in the last paragraph of article 25 of the Regulation on Primary Public Offer and Sale of Securities, approved by Resolution CONASEV No. 141-98-EF/94.10 and its modifying norms, which states that with respect to programs, the exclusion operates when the validity period of registration has expired and no value has been placed under the program or when, having been placed, the value or values are excluded from the Public Registry of the Securities Market; That, article 39, letters b) and d), of the Single Text of the Law of the Securities Market; as well as articles 20 and 23 of the Regulation on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, establish that the exclusion
of a security from the Public Registry of the Securities Market takes place by reasoned resolution of the SMV when the extinction of rights over the security operates, by amortization, total redemption or other cause, and when the cessation of public interest operates; That, in such sense, taking into consideration that
article 15 of the Single Text of the Law of the Securities Market and article 2 of
the Regulation of the Public Registry of the Securities Market, approved by Resolution CONASEV No. 079-97-EF-94.10, establish that in section No. 01 of the Public Registry of the Securities Market securities and emission programs are registered, what is stated in the preceding consideration, is also applicable to emission programs, since these are subject to registration in the said registry;
PERU Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equality of Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 3 Electronically signed document under the framework of Law No. 27269, Law of 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 That, on the other hand, regarding the obligation to carry out a Public Buyout Offer for Exclusion – OPC when a value is excluded from the Public Registry of the Securities Market, established in article 41 of the Single Text of the Law of the Securities Market and in article 32 of the Regulation on Public Offer of Acquisition and Purchase of Securities by Exclusion, approved by Resolution CONASEV No. 009-2006-EF/94.10 and its modifying norms; it must be noted that the exclusion of the securities denominated "Seventh Corporate Bond Program of BBVA Bank Peru – Second Issuance" falls within the exceptional cause for not carrying out an OPC, contemplated both in article 23 of the Regulation on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel, as well as in article 37, letter a), of the Regulation on Public Offer of Acquisition and Purchase of Securities by Exclusion; That, article 7, numeral 6, of the Policy on Dissemination of Draft Normative Projects, General Legal Norms, Early Agenda and Other Administrative Acts of the SMV, approved by Resolution SMV No. 014-2014- SMV/01 and its modifying norms, establishes that 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 Unique Digital Platform of the Peruvian State for Citizen Orientation (http://www.gob.pe/smv); and, Being subject to what is provided by article 39, letters b) and d), of the Single Text of the Law of the Securities Market; articles 19, 20, 21 and 23 of the Regulation on Registration and Exclusion of Securities in the Public Registry of the Securities Market and in the Stock Exchange Wheel; as well as by article 46, numeral 6, of the Regulation on Organization and Functions 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 order the exclusion of securities from the Public Registry of the Securities Market. Resolves:
Article 1.- Order the exclusion of the securities
denominated "Seventh Corporate Bond Program of BBVA Bank Peru – Second Issuance", corresponding to the "Seventh Corporate Bond Program of BBVA Bank Peru", from 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.- Order the ex officio exclusion of the emission
program denominated "Seventh Corporate Bond Program of BBVA Bank Peru" from the Public Registry of the Securities Market.
Article 4.- Disseminate this resolution on the
Institutional Website of the SMV on the Unique Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv).
PERU Ministry of Economy and Finance
SMV
Securities Market
Superintendence
"Decade of Equality of Opportunities for Women and Men" "Year of recovery and consolidation of the Peruvian economy" 4 Electronically signed document under the framework of Law No. 27269, Law of 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
Article 5.- Transcribe this resolution to BBVA
Bank Peru, in its capacity as issuer; to Inter-American Bank of Finance, in its capacity 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. César Figueroa Benites Acting General Superintendent General Superintendent of Conduct Supervision
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The documents this one cites, and the documents that cite it.
“Resolution CONASEV No. 009-2006-EF/94.10 and its modifying norms”
“Supreme Decree No. 216-2011-EF and its amendments”
“Resolution SMV No. 014-2014-SMV/01 and its modifying norms”
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