Peru wraps tenders for $246.53 million of 7 1/8% bonds due 2019

By Marisa Wong

Morgantown, W.Va., Nov. 8 – The Republic of Peru announced it settled the tender offer for its 7 1/8% global bonds due March 30, 2019 on Thursday, accepting for purchase all $246,527,000 of tendered bonds.

In a press release on Tuesday, Peru said it received tenders for $244,527,000 of its 7 1/8% bond due 2019 as of 5 p.m. ET on Nov. 5, the expiration of the tender offer.

As announced on Oct. 25, Peru was offering to purchase its $395,741,000 of outstanding 7 1/8% bonds due 2019 at $1,025.50 for each $1,000 principal amount plus accrued interest up to but excluding the settlement date.

J.P. Morgan Securities LLC (866 846-2874 or 212 834-7279), Morgan Stanley & Co. LLC (800 624-1808 or 212 761-1057), Santander Investment Securities Inc. (855 404-3636 or 212 940-1442) and Scotia Capital (USA) Inc. (800 372-3930 or 212 225-5559) are the dealer managers. D.F. King & Co., Inc. (888 626-0988, 212 269-5550, peru@dfking.com or dfking.com/republicofperu) is the tender agent and information agent.

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