Banco de Credito del Peru tenders for 2026 notes, 2027 notes

By Taylor Fox

New York, March 18 – Banco de Credito del Peru commenced cash tender offers on any and all of its $181,505,000 outstanding 6 7/8% fixed-to-floating-rate subordinated notes due 2026 (Cusip: 05954TAH4) and any and all of its $294.7 million outstanding 6 1/8% fixed-to-floating-rate subordinated notes due 2027 (Cusip: 05954TAJ0), both issued by the bank’s Panamanian branch, according to a news release.

Holders who tender their notes will receive $1,029.13 per $1,000 of 2026 notes and $1,058.86 per $1,000 of 2027 notes.

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

The offers will expire at 10 a.m. ET March 25.

The offers are subject to a financing condition.

D.F. King & Co., Inc. (212 269-5550, 800 334-0384; bcp@dfking.com) is the information and tender agent.

BofA Securities, Inc. (888 292-0070, 646 855-8988), Credicorp Capital Sociedad Agente de Bolsa SA (+51 1 313-2902) and J.P. Morgan Securities LLC (866 846-2874, 212 834-7279) are the dealer managers.

The bank is based in Lima, Peru.

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