Republic of Peru Announces Results of Tender Offers
LIMA, Peru, Oct. 31, 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"), announced today that the Invitations had expired as scheduled at 4:00 pm New York City time on October 30, 2014. Capitalized terms used but not defined in this press release have the meanings specified in the Offer to Purchase.
In accordance with the Offer to Purchase, the Republic has determined the Maximum Purchase Amount applicable to the Offer to be S/.5,344,866,238 principal amount. The Republic will issue S/.7,411,589,000 aggregate principal amount of its 5.700% Bonos Soberanos due 2024 (the "New Bonds"), S/.4,161,589,000 of which will be 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 purchase price to be paid for each S/.1,000 principal amount of each series of the Bonds validly tendered and accepted pursuant to the Offer was set forth in a previous press release issued by the Republic on October 30, 2014.
The aggregate principal amount of Preferred and Non-Preferred Tenders of each series of Bonds and the aggregate principal amount of Preferred and Non-Preferred Tenders of such series that has been accepted, are shown in the table below. Appropriate adjustments will be made so that purchases are made in the minimum denominations set forth in the Offer to Purchase.
For convenience, set forth below are the maturity date, outstanding aggregate principal amounts, ISIN, CUSIP, Common Code and NEMONICO, as applicable, for each Bond that was subject to the Offer:
| Bonds |
Maturity Date |
Outstanding Aggregate Principal Amount as of October 29, 2014 (2) |
ISIN |
CUSIP (144A/Reg S) |
Common Code |
NEMONICO |
| 9.91% Bonos Soberanos due 2015 |
May 5, 2015 |
S/.1,686,627,000.00 |
PEP01000CX67 |
— |
— |
SB05MAY15 |
| 9.91% GDNs due2015 |
May 5, 2015 |
— |
US715638BJ01 |
715638BH4 |
044046024 |
— |
| 7.84% Bonos Soberanos due 2020 |
August 12, 2020 |
S/.9,047,486,000.00 |
PEP01000CY33 |
— — |
— |
SB12AGO20 |
| 7.84% GDNs due 2020 |
August 12, 2020 |
— |
US715638BA91 |
715638AZ5 715638BA9 |
044046083 |
— |
| 9.875% Global Bonds due 2015(1) |
February 6, 2015 |
U.S.$278,392,000.00 |
US715638AN22 |
715638AN2 |
016248312 |
— |
| 8.375% Global Bonds due 2016(1) |
May 3, 2016 |
U.S.$581,211,000.00 |
US715638AQ52 |
715638AQ5 |
019187438 |
— |
| 7.125% Global Bonds due 2019(1) |
March 30, 2019 |
U.S.$1,000,000,000.00 |
US715638AW21 |
715638AW2 |
040585940 |
— |
____________________
| (1) |
Each series of Global Bonds is admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. |
| (2) |
These amounts may include Bonds held by institutions and companies controlled by the Peruvian Government that have not been cancelled. |
The final amount of 2024 Bonos Soberanos the Republic will issue in connection with the Invitations is subject to final confirmation by the Billing and Delivering Banks for the Offer, and the Billing and Delivering Banks for the Global Bonds and GDNs.
Bonds |
Aggregate Principal Amount of Preferred Tenders Accepted |
Aggregate Principal Amount of Non-Preferred Tenders Accepted |
| 9.91% Bonos Soberanos due 2015 (1) |
S/.1,163,727,000 |
S/.91,423,000 |
| 7.84% Bonos Soberanos due 2020 (2) |
S/.2,437,675,000 |
S/.244,404,000 |
| 9.875% Global Bonds due 2015 |
U.S.$1,558,000 |
U.S.$3,210,000 |
| 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.$282,901,000 |
_________
| (1) |
Includes 9.91% Bonos Soberanos due 2015 in the form of GDNs, issued by Citibank N.A., as depositary. |
| (2) |
Includes 7.84% Bonos Soberanos due 2020 in the form of GDNs, issued by Citibank N.A., as depositary. |
| The Dealer Managers for the Offer are: |
||
| BBVA |
BofA Merrill Lynch |
Morgan Stanley |
| The Billing and Delivering Banks for the Offer are: |
||
| BBVA Banco Continental
Morgan Stanley for Global Bonds and GDNs |
||
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 The Republic of Peru
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