Republic of Peru Announces Exchange Consideration
Peru said the offer covers outstanding U.S. dollar bonds and includes new 2038 bonds with a 6.060% coupon.
- On Monday, November 9, 2026, the Republic of Peru announced the commencement of offers to exchange outstanding U.S. dollar-denominated Eligible Bonds for a new series of global bonds due 2038.
- Peru set the coupon for the new global bonds at 6.060%, while exchange considerations were provided for existing 2027, 2030, and 2031 notes in the November 9, 2026, prospectus supplement.
- Offering the bonds to retail investors in the European Economic Area and the United Kingdom may be unlawful under the PRIIPs Regulation and the Consumer Composite Investments Regulations, requiring strict Securities and Exchange Commission compliance.
- Investors can access offer documents free via the Securities and Exchange Commission's EDGAR website or by contacting the Global Bondholder Services Corporation, the designated information and exchange agent.
- Peru reserves the right to modify offer terms or decline tendered bonds at its sole discretion, and the offers are void in any jurisdiction where such solicitations are prohibited by law.
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He left it in view that there is financing for emerging countries as the Argentine market awaits definitions of the 2027 program, after the chance of local emissions has been closed
The strong demand brought Peru’s debt cost closer to that of the US, according to the MEF. It is the largest sustainable dollar debt placement executed by a Latin American country.
Republic of Peru Announces Exchange Consideration
LIMA, Peru, Nov. 9, 2026 /PRNewswire/ -- The Republic of Peru ("Peru") announced earlier today the commencement of offers to exchange certain of Peru's outstanding U.S. dollar-denominated bonds (the "Eligible Bonds") for a new series of U.S. dollar-denominated global bonds…
The transaction reached US$4.5 billion, with maturities of 12 and 30 years, and received offers for more than US$21 billion from international investors.
The Minister of Economy and Finance, Elmer Cuba, announced that Peru carried out a successful placement of sustainable global bonds in dollars in the international market, for a total of $4.5 billion in terms of 12 and 30 years, the largest issue in that currency to date, obtaining coupon rates of 6.06 % and 6.45 %, respectively. The transaction received solid support from international investors, reaching a demand higher than $21 billion, the l…
The transaction is the largest dollar debt issue in the country’s history. Investors offered more than $21 billion, almost five times the amount finally placed.
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