Republic of Peru Announces Results of Tender Offers
LIMA, Peru, Sept. 29, 2016 /PRNewswire/ -- The Republic of Peru (the "Republic"), in accordance with its previously-announced offer (the "Offer") dated September 28, 2016, 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 September 28, 2016. 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 approximately S/. 10,251,560,000. The Republic priced its 6.35% Bonos Soberanos due 2028 in an aggregate principal amount of approximately S/.10,251,560,000 (the "New Bonds"), approximately S/.8,652,252,000 of which the Republic expects will be allocated to holders who validly tendered their Bonds in the Offer and who submitted orders to receive 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 US$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:
| Bonds(1) |
Maturity |
Principal |
ISIN (144A / |
CUSIP (144A / |
Common Code |
NEMONICO |
| 8.60% Bonos
|
8/12/2017 |
S/.2,299,112,000 |
PEP01000CY09 |
— |
— |
SB12AGO17 |
| 8.60% GDNs due 2017 |
8/12/2017 |
— |
US715638BB74 / US715638BC57 |
715638BB7 / 715638BC5 |
056470069 / 044046075 |
— |
| 7.84% Bonos Soberanos due 2020
|
8/12/2020 |
S/.6,206,126,000 |
PEP01000CY33 |
— |
— |
SB12AGO20 |
| 7.84% GDNs due 2020
|
8/12/2020 |
— |
US715638AZ51 / US715638BA91
|
715638AZ5 / 715638BA9 |
056018956 / 044046083 |
— |
| 5.20% Bonos Soberanos due 2023
|
9/12/2023 |
S/.5,966,311,000 |
PEP01000C4N3 |
— |
— |
SB12SEP23 |
| 5.20% GDNs due 2023 |
9/12/2023 |
— |
US715638BP60 / USP87324BM36 |
715638BP6 / P87324BM3 |
080122101 / 080124139 |
— |
| 8.20% Bonos Soberanos due 2026
|
8/12/2026 |
S/.8,188,486,000 |
PEP01000C0J9 |
— |
— |
SB12AGO26 |
| 8.20% GDNs due 2026
|
8/12/2026 |
— |
US715638AX04 / US715638AY86 |
715638AX0 / 715638AY8 |
047046122 / 044046113 |
— |
| 7.125% Global Bonds due 2019
|
03/30/2019 |
US$691,814,000 |
US715638AW21 |
715638AW2 |
EH7704370 |
— |
| 7.350% Global Bonds due 2025
|
07/21/2025 |
US$2,009,161,000 |
US715638AS19 |
715638AS1 |
EF0211476 |
— |
| 8.750% Global Bonds due 2033
|
11/21/2033 |
US$2,245,439,000 |
US715638AP79 |
715638AP7 |
ED2276944 |
— |
| 6.550% Global Bonds due 2037 |
03/14/2037 |
US$1,201,667,000 |
US715638AU64 |
715638AU6 |
EG2224053 |
— |
| (1) |
Each series of Global Bonds is admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. |
| (2) |
As of September 27, 2016. These amounts may include Bonds held by entities controlled by the Peruvian Government that have not been cancelled. |
The table below sets forth the aggregate principal amount of preferred and non-preferred tenders for each series of Bonds, the pro ration factor for each such series, and the amounts accepted for preferred and non-preferred tenders.
| Bonds |
Aggregate Principal |
Proration Factor (Non- |
Aggregate Principal |
Aggregate Principal |
| 8.60% Bonos |
S/. 495,661,000 / |
100% / 100% |
S/. 495,661,000 |
S/.1,185,752,000 |
| 7.84% Bonos Soberanos due 2020(2) |
S/.760,813,000 / S/.2,484,323,000 |
0% / 75% |
S/.0 |
S/.1,863,236,000 |
| 5.20% Bonos Soberanos due 2023(3) |
S/.268,906,000 / S/.2,191,901,000 |
100% / 100% |
S/.268,906,000 |
S/.2,191,901,000 |
| 8.20% Bonos Soberanos due 2026(4) |
S/.53,900,000 / S/.4,535,905,000 |
0% / 23.125% |
S/.0 |
S/.1,048,913,000 |
| 7.125% Global Bonds due 2019 |
US$132,646,000 / US$163,457,000 |
100% / 100% |
US$132,646,000 |
US$163,457,000 |
| 7.350% Global Bonds due 2025 |
US$38,741,000 / US$181,640,000 |
100% / 100% |
US$38,741,000 |
US$181,640,000 |
| 8.750% Global Bonds due 2033 |
US$12,288,000 / US$44,822,000 |
100% / 100% |
US$12,288,000 |
US$44,822,000 |
| 6.550% Global Bonds due 2037 |
US$9,107,000 / US$27,997,000 |
100% / 100% |
US$9,107,000 |
US$27,997,000 |
| (1) |
Includes the 8.60% Bonos Soberanos due 2017 in the form of GDNs, issued by Citibank N.A., as depositary. |
| (2) |
Includes the 7.84% Bonos Soberanos due 2020 in the form of GDNs, issued by Citibank N.A., as depositary. |
| (3) |
Includes the 5.20% Bonos Soberanos due 2023 in the form of GDNs, issued by Citibank N.A., as depositary. |
| (4) |
Includes the 8.20% Bonos Soberanos due 2026 in the form of GDNs, issued by Citibank N.A., as depositary. |
| The Dealer Managers for the Offer are: |
||||
| BBVA |
BofA Merrill Lynch |
HSBC |
||
|
The Billing and Delivery Banks for the Offer are:
BBVA Banco
BofA Merrill Lynch 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 Republic of Peru
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