Republic of Peru Announces Final Results and Settlement of Tender Offers
LIMA, Peru, Nov. 17, 2014 /PRNewswire/ -- The Republic of Peru (the "Republic") in accordance with its previously-announced offer (the "Offer") to purchase for cash (the "Offer to Purchase") (i) sovereign bonds or Bonos Soberanos (the "Bonos Soberanos"), including Bonos Soberanos in the form of Global Depositary Notes ("GDNs"), and (ii) Global Bonds (the "Global Bonds"), in each case as set forth in the table below (the "Bonds"), which expired as scheduled at 4:00 pm New York City time on October 30, 2014, announced today the final results and settlement of the Offer. Capitalized terms used but not defined in this press release have the meanings specified in the Offer to Purchase.
The Republic has issued S/.7,128,422,000 aggregate principal amount of its 5.700% Bonos Soberanos due 2024 (the "New Bonds"), S/.3,878,422,000 of which were allocated to holders who validly tendered their Bonds in the Tender Offer and whose orders were accepted for New Bonds (including holders of Global Bonds denominated in U.S. dollars that participated in the Preferred Tenders).
The final aggregate principal amount of Preferred and Non-Preferred Tenders of each series of Bonds that has been accepted and in respect of which the Offer has been settled, are shown in the table below.
| Bonds |
Aggregate Principal Amount of Preferred Tenders Accepted |
Aggregate Principal Amount of Non-Preferred Tenders Accepted |
| 9.91% Bonos Soberanos due 2015 (1) |
S/.848,227,000 |
S/.89,048,000 |
| 7.84% Bonos Soberanos due 2020 (2) |
S/.2,475,593,000 |
S/.144,659,000 |
| 9.875% Global Bonds due 2015 |
U.S.$1,558,000 |
U.S.$5,585,000 |
| 8.375% Global Bonds due 2016 |
U.S.$28,090,000 |
U.S.$163,458,000 |
| 7.125% Global Bonds due 2019 |
U.S.$3,850,000 |
U.S.$282,871,000 |
| _________ |
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| (1) Includes 9.91% Bonos Soberanos due 2015 in the form of GDNs, issued by Citibank N.A., as depositary. |
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| (2) Includes 7.84% Bonos Soberanos due 2020 in the form of GDNs, issued by Citibank N.A., as depositary. |
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| The Dealer Managers for the Offer are: |
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| BBVA |
BofA Merrill Lynch |
Morgan Stanley |
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| The Billing and Delivering Banks for the Offer are: |
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| BBVA Banco Continental
|
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| Morgan Stanley for Global Bonds and GDNs |
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This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be a sale of the securities referenced in this communication in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
SOURCE Republic of Peru
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