IFLR1000

Republic of Peru $3 billion 2.392% and 2.783% sovereign bond issue

17/4/2020
Investment grade bond/note issue, Sovereign bond issue
Select tab

$ 3 billion

Completed

17/4/2020

Overview:

  • Republic of Peru issued a $3 billion sovereign bond in two tranches.
  • The bond comprised a $1 billion five year tranche with a 2.392% coupon and a $2 billion 10 year tranche with a 2.783% coupon.
  • Peru recorded several landmarks for its sovereign bond debt with this issue, securing both the lowest interest rate and the highest investor demand (the order book exceeded $25 billion) to date.

Ben Naylor - Editor

Jurisdictions:

United States
Peru

Deal types:

Investment grade bond/note issue
Sovereign bond issue

Practice area:

Capital markets : Debt

Governing law:

Peru

Industry sector:

Government and public policy

Firms:
Estudio Echecopar member firm of Baker McKenzie International

Party: Republic of Peru (Issuer)

Lawyers: Alonso Miranda, Pablo Berckholtz

Payet Rey Cauvi Pérez Abogados

Party: Citigroup Global Markets (Underwriter)

Party: Goldman Sachs (Underwriter)

Party: HSBC Securities (Underwriter)

Party: Santander Investment Securities (Underwriter)

Lawyer: José Cúneo

Shearman & Sterling

Party: Citigroup Global Markets (Underwriter)

Party: Goldman Sachs (Underwriter)

Party: HSBC Securities (Underwriter)

Party: Santander Investment Securities (Underwriter)

Lawyer: Antonia Stolper

Simpson Thacher & Bartlett

Party: Republic of Peru (Issuer)

Lawyers: Jaime Mercado, Kirsten Davis

Related deals