LIMA, Peru, June 26, 2024 — The Republic of Peru (“Peru“), in accordance with its previously-announced offers to purchase for cash (the “Tender Offers”) its outstanding 7.350% U.S. Dollar-Denominated Global Bonds due 2025, 2.392% U.S. Dollar-Denominated Global Bonds due 2026, 4.125% U.S. Dollar-Denominated Global Bonds due 2027, 2.844% U.S. Dollar-Denominated Global Bonds due 2030, 2.783% U.S. Dollar-Denominated Global Bonds due 2031, 2.750% Euro-Denominated Global Bonds due 2026 and 3.750% Euro-Denominated Global Bonds due 2030 (the “Old Bonds”) on the terms and subject to the conditions set forth in the offer to purchase, dated June 18, 2024 (the “Tender Offer Document”), as set forth in the table below, today announced that the Tender Offers expired as scheduled at 5:00 p.m. New York City time, on June 25, 2024. Capitalized terms used but not defined in this press release have the meanings specified in the Tender Offer Document.
The Purchase Prices in the Tender Offers were set forth in a previous press release. The settlement date for the Tender Offers is expected to be July 1, 2024 (the “Settlement Date”).
The table below sets forth, for each series of Old Bonds, the aggregate principal amount tendered and aggregate principal amount accepted in the Tender Offers. Peru has accepted all Old Bonds validly tendered in the Tender Offers.
|
Old Bonds |
Aggregate Principal |
Aggregate Principal |
|
7.350% U.S. Dollar-Denominated Global Bonds due 2025 |
U.S. $463,696,000 |
U.S. $463,696,000 |
|
2.392% U.S. Dollar-Denominated Global Bonds due 2026 |
U.S. $268,194,000 |
U.S. $268,194,000 |
|
4.125% U.S. Dollar-Denominated Global Bonds due 2027 |
U.S. $133,859,000 |
U.S. $133,859,000 |
|
2.844% U.S. Dollar-Denominated Global Bonds due 2030 |
U.S. $48,736,000 |
U.S. $48,736,000 |
|
2.783% U.S. Dollar-Denominated Global Bonds due 2031 |
U.S. $270,932,000 |
U.S. $270,932,000 |
|
2.750% Euro-Denominated Global Bonds due 2026 |
€252,551,000 |
€252,551,000 |
|
3.750% Euro-Denominated Global Bonds due 2030 |
€63,396,000 |
€63,396,000 |
The Dealer Managers for the Tender Offers are:
|
BofA Securities, Inc. |
Citigroup Global Markets Inc. |
J.P. Morgan Securities LLC |
Santander US Capital Markets LLC |
|
Attention: |
Attention: |
Attention: |
Attention: (855) 404-3636 |
FURTHER INFORMATION
For copies of the Tender Offer Document, contact the Information Agent for the Tender Offers as follows:
Global Bondholder Services Corporation
65 Broadway – Suite 404
New York, NY 10006
United States of America
Attention: Corporate Actions
Banks and Brokers call: (212) 430-3774
Toll free: (855) 654-2014
Email: [email protected] https://www.gbsc-usa.com/Peru
DISCLAIMER
The Tender Offer Document is not for release, publication or distribution to any person located or resident in any jurisdiction where it is unlawful to distribute the Tender Offer Document. Persons into whose possession any materials come are required by Peru, the Dealer Managers and the Information Agent to inform themselves about, and to observe, any such restrictions.
This announcement is neither an offer to purchase nor the solicitation of an offer to sell any of the securities described herein, nor shall there be any offer or sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Tender Offers were made solely pursuant to the Tender Offer Document dated June 18, 2024.
This announcement is for distribution only to persons who (i) have professional experience in matters relating to investments falling within the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order, (iii) are persons falling within Article 43 of the Order, (iv) are outside the United Kingdom, or (v) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.
This announcement contains forward-looking statements and information that is necessarily subject to risks, uncertainties and assumptions. On the Settlement Date, subject to the conditions set forth in the Tender Offer Document, Peru will purchase validly tendered and accepted Old Bonds from holders. Peru assumes no obligation to update or correct the information contained in this announcement.
SOURCE The Republic of Peru
