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Peru’s Cofide cancels $94.29 million of 4¾% notes due 2022, 2025
By Marisa Wong
Los Angeles, Sept. 30 – Corporacion Financiera de Desarrollo SA (Cofide) canceled $94,287,000 of its 4¾% notes due 2022 (ISINs: US21987DAA28, USP31389AY82) and 4¾% notes due 2025 (ISINs: US21987DAD66, USP3R94GAK53) on Sept. 28, according to a notice.
On Wednesday Cofide announced it requested that the Luxembourg Stock Exchange remove the following canceled notes from listing:
• $53,585,000 of Rule 144A 2022 notes;
• $310,135,000 of Regulation S 2022 notes;
• $41,755,000 of Rule 144A 2025 notes; and
• $55,130,000 of Regulation S 2025 notes.
Following cancellation of the affected notes, the outstanding amount of Rule 144A and Regulation S 2022 notes will be $30,155,000 and $106,125,000, respectively; and the outstanding amount of Rule 144A and Regulation S 2025 notes will be $104,352,000 and $307,196,000, respectively.
As previously reported, Cofide is conducting a tender offer for the 2022 and 2025 notes.
In a Sept. 18 press release, the company had said it accepted for purchase $363.72 million of the 2022 notes and $188,452,000 of the 2025 notes, which were tendered by the Sept. 16 early tender date.
The tender offer began on Sept. 2 and is set to expire at 11:59 p.m. ET on Sept. 30.
Cofide is a development bank based in Lima, Peru.
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