Banco de Credito del Peru gives tender results for 2026 notes, 2027 notes

Chicago, March 25 – Banco de Credito del Peru gave the results of its any and all tender offers for its 6 7/8% fixed-to-floating-rate subordinated notes due 2026 (Cusip: 05954TAH4) and its 6 1/8% fixed-to-floating-rate subordinated notes due 2027 (Cusip: 05954TAJ0), both issued by the bank’s Panamanian branch, according to a news release.

Noteholders tendered $59,982,000 of the $181,505,000 outstanding 6 7/8% notes. The notes will be purchased for $1,029.13 per $1,000 note.

Separately, noteholders tendered $99,470,000 of the $294,700,000 outstanding 6 1/8% notes with a purchase price of $1,058.86 per $1,000 note.

Holders will also receive accrued interest on notes accepted for purchase.

Additionally, additional amounts will be paid so that the applicable purchase price and interest received after withholding tax will be equal to the amount that would have been due had there been no withholding tax.

The offers expired at 10 a.m. ET March 25.

Settlement is planned for March 31.

The offers were subject to a financing condition.

D.F. King & Co., Inc. (212 269-5550, 800 334-0384; bcp@dfking.com) is the information and tender agent.

BofA Securities, Inc. (888 292-0070, 646 855-8988), Credicorp Capital Sociedad Agente de Bolsa SA (+51 1 313-2902) and J.P. Morgan Securities LLC (866 846-2874, 212 834-7279) are the dealer managers.

The bank is based in Lima, Peru.

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