Peruvian micro-lender Caja Rural de Ahorro y Crédito Los Andes SA said shareholder Creation Investments Andes LLC subscribed to 18,181,819 shares in the first round of a preferential rights subscription, according to an Oct. 9 regulatory filing.
At a price of 2.20 Peruvian soles per share, the transaction saw Creation Investments Andes transfer some 40.0 million soles into the company.
As of Oct. 9, US$1 was equivalent to 3.38 Peruvian soles.
