PERÚ Ministerio de Economía y Finanzas
SMV
Superintendency of the Market de Valores

“Decade of Equal Opportunities for Women and Men” "Year of the Bicentennial, of the consolidation of our Independence, and of the commemoration of the heroic battles of Junín and Ayacucho"

SMV General Intendancy Resolution No. 050-2024-SMV/11.1

Lima, 09 September 2024

The General Intendant of Conduct Supervision

Whereas:

File No. 2024036833, as well as Internal Report No. 1169-2024-SMV/11.1, from the General Intendancy of Conduct Supervision of the Deputy Superintendency of Market Conduct Supervision.

Considering:

That, by document submitted on 28 August 2024, Interseguro Compañía de Seguros S.A. requested the Superintendencia del Mercado de Valores – SMV the exclusion of the securities called «First Issue of the Third Interseguro Subordinated Bond Program», which were registered and placed under the «Third Interseguro Subordinated Bond Program», from the «Institutional Investors Market» section of the Public Registry of the Securities Market and of the Securities Registry of the Lima Stock Exchange, due to the total cancellation of the obligations derived from them;

That, it has been verified that by SMV General Intendancy Resolution No. 003-2019-SMV/11.1 of 15 January 2019, the issuance program called «Third Interseguro Subordinated Bond Program» was registered, up to a maximum outstanding amount of US$ 100’000,000.00 (One Hundred Million and 00/100 United States Dollars) or its equivalent in Soles, and the corresponding Framework Prospectus was registered in the «Institutional Investors Market» section of the Public Registry of the Securities Market;

That, under the «Third Interseguro Subordinated Bond Program», on 15 January 2019, by virtue of the resolution of SMV General Intendancy Resolution No. 003-2019-SMV/11.1, the securities called «First Issue 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 Framework Prospectus Supplement was registered in the «Institutional Investors Market» section of the Public Registry of the Securities Market and in the Securities Registry of the Lima Stock Exchange;

That, it is necessary to state that article 6, numeral 6.1, of the Regulation of the Institutional Investors Market, approved by

Electronic document digitally signed within the framework of Law No. 27269, Law of Signatures and Digital Certificates, its Regulation 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

PERÚ Ministerio de Economía y Finanzas
SMV
Superintendency of the Market de Valores

“Decade of Equal Opportunities for Women and Men” "Year of the Bicentennial, of the consolidation of our Independence, and of the commemoration of the heroic battles of Junín and Ayacucho"

SMV Resolution No. 021-2013-SMV/01 and its amendments, provides that the competence of the Superintendencia del Mercado de Valores – SMV, within the framework of the exceptional regime of public offerings directed exclusively to institutional investors, is limited solely to the verification of the presentation of the documentation or requirements established in said regulation;

That, from the review of the documentation submitted by Interseguro Compañía de Seguros S.A., the presentation of the documents referring to the total cancellation of the obligations derived from the securities «First Issue of the Third Interseguro Subordinated Bond Program» has been verified, as provided by articles 17 and 18 of the Regulation of the Institutional Investors Market;

That, article 39, subparagraphs a) and b), of the Single Ordered 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 Regulation 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 the rights over the security occurs, by amortization, total redemption or another cause; likewise, article 6, numeral 6.14, of the Regulation of the Institutional Investors Market provides that in no case is the formulation of a public purchase offer for exclusion of securities referred to in article 41 of the Single Text of the Securities Market Law applicable;

That, Interseguro Compañía de Seguros S.A. has complied with presenting the information and documentation required by the Single Ordered Text of the Securities Market Law and by the Regulation of the Institutional Investors Market, to request the exclusion of the securities called «First Issue of the Third Interseguro Subordinated Bond Program» from the «Institutional Investors Market» section of the Public Registry of the Securities Market;

That, article 7, numeral 6, of the Policy on Dissemination of Regulatory 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 disseminated through the SMV Institutional Page on the Single Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv); and,

In accordance with the provisions of article 39, subparagraphs a) and b), of the Single Ordered Text of the Securities Market Law; articles 17, numeral 17.1, and 18 of the Regulation of the Institutional Investors Market; as well as article 46, numeral 6, of the Regulation of Organization and Functions of the Superintendency of the Securities Market, approved by Supreme Decree No. 216-2011-EF and its amendments, which empowers the General Superintendency of Conduct Supervision to order the exclusion of securities from the Public Registry of the Securities Market.

Electronic document digitally signed within the framework of Law No. 27269, Law of Signatures and Digital Certificates, its Regulation 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

Electronic document digitally signed within the framework of Law No. 27269, Law of Signatures and Digital Certificates, its Regulation 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°.- To order the exclusion of the securities called «First Issue of the Third Program of Interseguro Subordinated Bonds», issued by Interseguro Compañía de Seguros S.A., from the section of the «Institutional Investors Market» of the Public Registry of the Securities Market.

Article 2°.- To rule in favor of the exclusion of the securities indicated in the preceding article from the Securities Registry of the Lima Stock Exchange.

Article 3°.- To disseminate this resolution on the Institutional Page of the SMV on the Single Digital Platform of the Peruvian State for Citizen Orientation (www.gob.pe/smv).

Article 4°.- To transcribe this resolution to Interseguro Compañía de Seguros S.A.; as issuer and structuring entity; to Banco de Crédito del Perú, 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.

Signed by: GODOS GARCIA Alix Fernando | Reason:

Alix Godos
General Superintendent
General Superintendency of Conduct Supervision