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Published on 9/2/2015 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Maestro Peru redeems $70 million of 6¾% notes due 2019 at 106.75

By Marisa Wong

Morgantown, W.Va., Sept. 2 – Maestro Peru SA gave notice that it redeemed $70 million, or 35%, of its $200 million 6¾% senior notes due 2019.

The notes were redeemed on Tuesday at 106.75 plus accrued interest to the redemption date.

The total redemption price of the Regulation S notes was $76,118,982.50, and the total redemption price of the Rule 144A notes was $640,392.50.

The notes originally consisted of $198,332,000 of Regulation S notes and $1,668,000 of Rule 144A notes.

Following the redemption, $130 million, or 65%, of the notes remain outstanding, including $128,916,000 of Regulation S notes and $1,084,000 of Rule 144A notes.

Deutsche Bank Trust Co. Americas is the trustee.

The issuer operates a chain of home improvement and construction stores. The company is based in Surquillo, Peru.


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