Republic of Peru Announces Settlement of Stand-alone Tender Offer

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Dec 04, 2019, 17:29 ET

LIMA, Peru, Dec. 4, 2019 /PRNewswire/ -- The Republic of Peru ("Peru"), in accordance with its previously-announced offer (the "Offer") dated November 21, 2019, to purchase for cash its 7.840% bonos soberanos due 2020 (the "Old Bonos Soberanos"), including bonos soberanos in the form of Global Depositary Notes previously issued by Citibank, N.A., as depositary (the "GDNs", together with the Old Bonos Soberanos, the "Old Bonds"), as set forth in the table below, today announced the settlement of the Offer. As previously announced by Peru, the Offer expired as scheduled at 5:00 p.m. New York City time, on November 27, 2019. Capitalized terms used but not defined in this press release have the meanings specified in the offer to purchase dated November 21, 2019.

The Purchase Price payable for each S/1,000 principal amount of Old Bonds tendered by holders 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 amount, ISIN, CUSIP, Common Code and NEMONICO, as applicable, for each Old Bond subject to the Offer:

Old Bonds

Maturity
Date

Outstanding
Aggregate Principal
Amount as of
November 20, 2019 ⁽¹⁾

ISIN

CUSIP

Common Code

NEMONICO

7.840% Bonos Soberanos due 2020..

08/12/2020

S/231,125,000

PEP01000CY33

144A: 715638CV2

REG S: 715638CV0

199972987

SB12AGO20

7.840% GDNs due 2020

08/12/2020

–

144A: US715638AZ51
REG S: US715638BA91

144A: 715638AZ5
REG S: 715638BA9

144A: 056018956
REG S: 044046083

(1)	These amounts may include Old Bonds held by institutions and companies controlled by the Peruvian Government that have not been cancelled.

The table below sets forth the final aggregate principal amount of Old Bonos Soberanos, including in the form of GDNs, tendered and accepted for purchase.

*Bonos Soberanos*	Aggregate Principal Amount of Tendered Bonos Soberanos	Aggregate Principal Amount of Tendered Bonos Soberanos Accepted
7.840% Bonos Soberanos due 2020⁽¹⁾	S/74,324,000	S/74,324,000

(1)	Includes the 7.840% GDNs due 2020 issued by Citibank, N.A., as the depositary that were validly tendered and accepted by Peru in accordance with the Offer.

The Information Agent of the Offer is:

Global Bondholder Services Corporation
65 Broadway – Suite 404
New York, NY 10006
United States of America
Attention: Corporate Actions
Banks and Brokers Call: (212) 430-3774
Toll free: (866) 470-3800
website: www.gbsc-usa.com/Peru/

The Dealer Managers for the Offer are:

BofA Securities, Inc. One Bryant Park New York, New York 10036	Citigroup Global Markets Inc. 388 Greenwich Street, 7^th Floor New York, New York 10013	HSBC Securities (USA) Inc. 452 Fifth Avenue New York, New York 10018		J.P. Morgan Securities LLC 383 Madison Avenue New York, New York 10179

Attention: Liability Management Group Collect: (646) 855-8988 Toll-free: (888) 292-0070	Attention: Liability Management Group Toll Free: (800) 558-3745 Collect: (212) 723-6106		Attention: Global Liability Management Group Toll Free: +1 (888) HSBC-4LM Collect: +1 (212) 525-5552	Attention: Latin America –Debt Capital Markets U.S. Toll-Free: (866) 846-2874 U.S. Collect: (212) 834-7279

The U.S. Tender Agent of the Offer is:

Global Bondholder Services Corporation
65 Broadway – Suite 404
New York, NY 10006
United States of America
Attention: Corporate Actions
Banks and Brokers call: (212) 430-3774
Toll free: (866) 470-3800
http://www.gbsc-usa.com/Peru/

Disclaimer

This announcement shall not constitute an offer to purchase or the solicitation of an offer to sell any of the securities described herein, nor shall there be any offer or sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Offer was not made to holders of Old Bonds in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws required the Offer to be made by a licensed broker or dealer, the Offer was deemed to be made on behalf of Peru by the dealer managers for the Offer or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction

In any EEA Member State this announcement is only addressed to and is only directed at qualified investors within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation").

This announcement is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order")), (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order, (iii) are persons falling within Article 43 of the Order, (iv) are outside the United Kingdom, or (v) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

SOURCE The Republic of Peru