Republic of Peru Announces Exchange Consideration
Peru set exchange terms for existing dollar bonds as it seeks to refinance debt, including a 6.060% coupon on new notes.
- On Monday, the Republic of Peru announced the commencement of offers to exchange outstanding Eligible Bonds for a new series of U.S. dollar-denominated global bonds due 2038, featuring a 6.060% coupon.
- The Ministry of Economy and Finance of Peru filed registration documents with the U.S. Securities and Exchange Commission , providing a prospectus supplement that details the exchange terms and conditions for bondholders.
- Participants receive U.S.$1,000 per U.S.$1,000 principal amount for eligible bonds, including the 4.125% bonds due 2027, 2.844% bonds due 2030, and 2.783% bonds due 2031 eligible for exchange.
- Financial managers including Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are managing the exchange, with all offers subject to strict jurisdictional restrictions and regulatory compliance requirements.
- Interested parties can access full prospectus documents through the SEC's EDGAR website or by contacting dealer managers directly for complete information on the bond exchange process and eligibility requirements.
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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.
Cherokee Tribune Ledger News
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.
The Government returned to international markets with a placement of global bonds whose funds will go largely towards prevention, care and mitigation of the impact of the El Niño phenomenon, confirming the first in Management, what is the operation?
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