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Banco BBVA Peru announces 54.43% of subordinated notes tendered
Chicago, March 11 – Banco BBVA Peru announced that noteholders of 54.43% of its $300 million 5¼% subordinated notes due 2029 (Cusips: 05537GAD7, P16236AG9) participated in the tender offer for any and all of the notes, according to a press release.
Specifically, noteholders tendered $163.29 million of the notes. That amount includes $130,000 of notes tendered via guaranteed delivery.
All of the notes have been accepted, and the tender offer will settle on March 13.
As previously reported, Banco BBVA was offering a par purchase price and accrued interest.
The financing condition has been satisfied.
The offer started March 4 and expired at 5 p.m. ET on March 8.
BBVA Securities Inc. (attn.: liability management, 212 728-2303, 212 728-2303), BofA Securities, Inc. (attn.: liability management, 800 292-0070, 646 855-8988) and Goldman Sachs & Co. LLC (attn.: liability management group, 800 828-3182, 212 902-1905) are the dealer managers for the offer.
D.F. King & Co. Inc. (800 488-8035, 212 269-5550, www.dfking.com/bbva) is the information agent and tender agent for the tender offer.
BBVA is a full-service financial institution with headquarters in Lima, Peru.
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