Banco de Credito del Peru posts results of tenders for two series

By Wendy Van Sickle

Columbus, Ohio, June 26 – Banco de Credito del Peru announced the results of its offers to purchase for cash any and all of its $476.12 million outstanding 6 7/8% fixed-to-floating rate subordinated notes due 2026 (Cusip: 05954TAH4, P09646AD5) and any and all of its $720 million outstanding 6 1/8% fixed-to-floating rate subordinated notes due 2027 (Cusip: 05954TAJ0, P09646AE3) issued through its Panamanian branch.

As of the expiration time, 10 a.m. ET on June 26, $294,615,000 principal amount of the 2026 notes and $425.3 million principal amount of the 2027 notes had been validly tendered, according to a news release on Friday.

As announced on June 19, the issuer was offering to purchase the 2026 notes at $1,062.50 per $1,000 principal amount and the 2027 notes at $1,070 per $1,000 principal amount.

Holders will also receive accrued interest on notes accepted for purchase.

Settlement is expected to occur on July 2.

The deadline for notes tender under guaranteed delivery procedures is 5 p.m. ET on June 30.

Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106), Credicorp Capital Sociedad Agente de Bolsa SA (+51 (1) 313 2902) and J.P. Morgan Securities LLC (866 846-2874 or 212 834-7279) are the dealer managers for the offers.

The information and tender agent is D.F. King & Co., Inc. (212 269-5550 for banks and brokers and 866 745-0273 for all others or bcp@dfking.com).

The bank is based in Lima, Peru.

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