Peru’s Interbank gives tender results for 6 5/8% subordinated notes

Chicago, Jan. 12 – Banco Internacional del Peru SAA (Interbank) announced the results of its any-and-all tender offer for its 6 5/8% fixed-to-floating rate subordinated notes due 2029 (Cusips: 05968DAA8, P13435AA3) in a press release on Friday morning.

The offer ended at 8 a.m. ET on Jan. 11.

Noteholders tendered $194,852,000 aggregate principal amount of notes before the expiration time, or 64.95% of the outstanding amount.

Settlement is planned for Jan. 17.

Noteholders are receiving a par consideration, plus accrued interest to the settlement date.

There are guaranteed delivery procedures, with notes tendered through that method due by 5 p.m. ET on Jan. 16.

Interbank noted it may redeem the notes outstanding after the tender offer is completed.

The offer was subject to a financing condition.

BofA Securities, Inc. (800 292-0070, 646 855-8988) and J.P. Morgan Securities LLC (866 846-2874, 212 834-7279) are the dealer managers for the tender offer.

D.F. King & Co., Inc. is the information and tender agent for the offer (866 846-2874, 212 834-7279, www.dfking.com/interbank).

Interbank is a provider of financial products and banking services for retail customers and commercial clients in Peru.

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