Peru to launch tender offer for sol-, dollar-, euro-denominated bonds

By Marisa Wong

Morgantown, W.Va., June 11 – The Republic of Peru said it intends to launch an offer to purchase some of its outstanding sovereign bonds, or bonos soberanos, including bonos soberanos in the form of global depositary notes previously issued by Citibank NA as depositary and dollar-denominated and euro-denominated global bonds.

The republic will release terms and conditions of the tender offer no later than 8 a.m. ET on June 13.

The republic is offering to purchase the following bonds at the following prices per $1,000, €1,000 or S/. 1,000 principal amount:

• 5.2% bonos soberanos due 2023 at S/. 1,068.16;

• 5.2% GDNs due 2023 at S/. 1,068.16;

• 2¾% euro-denominated global bonds due 2026 at €1,133.38;

• 3¾% euro-denominated global bonds due 2030 at €1,241.13;

• 7.35% dollar-denominated global bonds due 2025 at $1,269.27;

• 4 1/8% dollar-denominated global bonds due 2027 at $1,111.03;

• 8¾% dollar-denominated global bonds due 2033 at $1,596.41; and

• 6.55% dollar-denominated global bonds due 2037 at $1,391.73.

Holders will also receive an amount in cash equal to any accrued interest up to but excluding the applicable settlement date.

The tender offer will be conditioned on the pricing and closing of a new bond offering.

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