Fondo Mivivienda launches tender offer for any and all 3½% notes

By Mary-Katherine Stinson

Lexington, Ky., March 31 – Peru's Fondo Mivivienda SA launched a cash tender offer for any and all of its $650 million 3½% notes due 2023 (ISINs: US344593AA60, USP42009AA12) at a purchase price of $1,012.60 per $1000 note, according to a company press release Thursday.

Accrued interest from the last interest payment date to the settlement date will also be paid.

The offer expires at 5 p.m. ET on April 7 which is also the withdrawal deadline.

Holders using guaranteed delivery procedures must complete the tender offer by 5 p.m. ET on April 11.

Settlement is expected to be the third business day following the expiration of the offer which is April 12.

There is no minimum principal amount required for the tender offer.

However, the tender offer is conditioned on a successful concurrent new note offering. The company will use cash to fund the tender offer, if the new note offering is less than the amount of tendered notes.

Holders who wish to tender their notes for cash and also subscribe to new notes should obtain a unique identifier code by contacting any of the dealer managers.

The tender agent and information agent is Global Bondholder Services Corp. (212 430-3774, 855 654-2014, contact@gbsc-usa.com, https://www.gbsc-usa.com/fmv).

BofA Securities, Inc. (888 292-0070, 646 855 8988), Citigroup Global Markets Inc. (800 558-3745, 212 723-6106) and J.P. Morgan Securities LLC (866 846-2874, 212 834-7279) are the dealer managers.

Mivivienda is a for-profit mortgage financing institution owned by the Republic of Peru and based in Lima.

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