IFLR1000

Republic of Peru NS10 billion 6.15% sovereign bond issue

17/7/2017
Investment grade bond/note issue, Sovereign bond issue
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$ 10.3 billion

Completed

17/7/2017

Overview:

  • The Republic of Peru has issued a NS10 billion sovereign bond.
  • The 6.15% bonds are due 2032.
  • The local currency bonds are Euroclearable and were directly offered to foreign investors – both of which are firsts for Peru.
  • The move is part of an ongoing effort by the Andean country to reduce its debt in foreign currencies and follows similar issuances by Chile and Mexico.
  • BNP Paribas; HSBC Securities, Merrill Lynch Pierce Fenner & Smith, Scotia Capital, and Scotiabank Perú acted as initial purchasers.

Patrick Martinez-Brown - Journalist

Jurisdiction:

Peru

Deal types:

Investment grade bond/note issue
Sovereign bond issue

Practice area:

Capital markets : Debt

Industry sector:

Government and public policy

Firms:
Lazo Abogados

Party: Republic of Peru (Issuer)

Lawyers: Fátima De Romaña, Jorge Lazo

Shearman & Sterling

Party: BNP Paribas (Initial purchaser)

Party: HSBC Securities (Initial purchaser)

Party: Merrill Lynch Pierce Fenner & Smith (Initial purchaser)

Party: Scotia Capital (Initial purchaser)

Party: Scotiabank Perú (Initial purchaser)

Lawyer: Antonia Stolper

Simpson Thacher & Bartlett

Party: Republic of Peru (Issuer)

Lawyer: Jaime Mercado

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