Scotiabank Peru starts tender offer for 4½% subordinated notes due 2027

By Mary-Katherine Stinson

Lexington, Ky., Jan. 3 – Scotiabank Peru SAA launched a tender offer for cash for any and all of its outstanding 4½% fixed-to-floating rate subordinated notes due 2027 (Cusips: 80928HAA1, P8542TAP2), according to a press release.

The company is offering to repurchase the notes at a par.

Accrued interest will also be paid.

The tender offer expires at 5 p.m. ET on Jan. 10. Notices of guaranteed delivery are due by 5 p.m. ET on Jan. 12.

Tendered notes may be withdrawn any time prior to the expiration of the offer.

If there is any change in the consideration offered, Scotiabank will extend the expiration by at least five business days if the offer would otherwise expire during that period. If the change consists of a material change that would have a negative effect on any holder, then the tender offer would be extended for at least three business days if the offer would otherwise expire during that period.

Scotia Capital (USA) Inc. (800 372-3930, 212 225-5559) is the dealer manager.

Global Bondholder Services Corp. (855-654-2014, 212 430-3774, https://www.gbsc-usa.com/scotiaperu/) is the information and tender agent.

Scotiabank Peru is a Lima, Peru-based 97.75%-owned subsidiary of Bank of Nova Scotia.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.