Republic of Peru Announces Results of Tender Offers

LIMA, Peru, March 20, 2015 /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 Offer expired as scheduled at 4:00 pm New York City time, on March 19, 2015. 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 of its 7.84% Bonos Soberanos due 2020 to be S/. 2,427,234,000 and the Maximum Purchase Amount of its 7.35% Global Bonds due 2025 to be U.S.$675,000,000. The Republic priced its 6.95% Bonos Soberanos due 2031 in the aggregate principal amount of S./ 4,391,817,000 (the "New Bonds"), S/.2,141,817,000 of which will be allocated to holders who validly tendered their Bonds in the 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 U.S.$1,000 or S/.1,000, as applicable, principal amount of each series of the Bonds validly tendered and accepted pursuant to the Offer was set forth in a previous press release.

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:

⁽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 aggregate principal amount of Preferred Tenders and Non-Preferred Tenders of each series of Bonds that has been accepted are shown in the table below. The accepted Bonds will not be subject to proration.

_________

(1)   Includes the 9.91% Bonos Soberanos due 2015 in the form of GDNs, issued by Citibank N.A., as depositary.
(2)   Includes the 8.60% Bonos Soberanos due 2017 in the form of GDNs, issued by Citibank N.A., as depositary.
(3)   Includes the 7.84% Bonos Soberanos due 2020 in the form of GDNs, issued by Citibank N.A., as depositary.
(4)   Includes the 6.0% Bonos Soberanos due 2029 in the form of GDNs, issued by Citibank N.A., as depositary.

The Billing and Delivery Banks for the Offer are:

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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