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Republic of Peru Announces Exchange Consideration
The offer targets eligible bondholders and includes principal amounts of $1,000 and $1.05 billion in global bonds, according to the exchange notice.
On Monday, The Republic of Peru announced an exchange offer for outstanding U.S. dollar-denominated bonds targeting replacement with new global bonds due 2038 .
The offer targets Eligible Bonds maturing in 2027, 2030, and 2031, with participants receiving consideration based on principal amounts tendered; the New Bonds carry a 6.060% coupon.
Peru filed a registration statement with the U.S. Securities and Exchange Commission , with Citigroup Global Markets Inc., Credit Agricole Securities Inc., Deutsche Bank Securities Inc., and Santander US Capital Markets LLC serving as dealer managers.
Global Bondholder Services Corporation, based in New York, serves as the information and exchange agent, fielding inquiries from banks and brokers regarding the exchange process.
Peru reserves the right to modify or cancel the offer at its sole discretion, and the exchange is void in jurisdictions where such solicitation is prohibited by law.