Grupo Credito SA announced a private placement of up to 400,000,000 shares at PEN 10 per share for gross proceeds of up to PEN 4,000,000,000 on January 11, 2017. The shares will be issued at par. The transaction will include participation from returning investor Credicorp Ltd. (NYSE:BAP). The transaction has been approved by the board of directors of the investor. The capital of the company will increase from PEN 17,210,013,900 to up to PEN 21,210,013,900.