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Announces Exchange & Tender for Existing Bonds and New Issue

PERU
  • Details of 10-Year Issue, Expected To Price Today
  • NEW DEAL: PEN Benchmark Long 10Y Sust. Fixed (Aug. 12, 2033) IPT 7.7% Area (BBG)
  • Issuer: Republic of Peru (PERU)
  • Exp. Ratings: Baa1/BBB+/BBB
  • Format: PEN-denominated, senior unsecured Bonos Soberanos (the “New Soberanos”), sustainability bond
    • UOP: (i) to finance a liability management transaction and, if additional funds remain, (ii) to finance a portion of the general budgetary requirements for fiscal year 2023. It is Peru’s intention to invest an amount equal to the proceeds from the sale of the bonds in expenditures that may qualify as “eligible green and social categories” under Peru’s Sustainable Bond Framework.
  • Settlement: June 12, 2023 (T+8), Denoms: 1k x 1k
  • Bookrunners: Citi, HSBC, JPM, Santander

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