New Issue: Peru sells $3 billion 2.392% bonds due 2026, 2.783% bonds due 2031

By Marisa Wong

Los Angeles, April 17 – The Republic of Peru priced a two-tranche offering of global bonds totaling $3 billion, according to FWP filings with the Securities and Exchange Commission.

Peru priced $1 billion of 2.392% bonds due Jan. 23, 2026 at 100.002 to yield 2.392% and $2 billion of 2.783% bonds due Jan. 23, 2031 at 100.002 to yield 2.783%.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Santander Investment Securities Inc. are the bookrunners for the SEC-registered offering.

Proceeds will be used to partially finance general requirements for fiscal year 2020 and to finance in advance general requirements for fiscal year 2021, as previously reported.

Issuer:	Republic of Peru
Issue:	Global bonds
Amount:	$3 billion
Bookrunners:	Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Santander Investment Securities Inc.
Pricing date:	April 16
Settlement date:	April 23
Distribution:	SEC registered
2026 bonds
Amount:	$1 billion
Maturity:	Jan. 23, 2026
Coupon:	2.392%
Price:	100.002
Yield:	2.392%
Spread:	200 bps over 0.5% Treasury due March 31, 2025
Call option:	Prior to Dec. 23, 2025, make-whole call at Treasuries plus 30 bps; after that, par
2031 bonds
Amount:	$2 billion
Maturity:	Jan. 23, 2031
Coupon:	2.783%
Price:	100.002
Yield:	2.783%
Spread:	212.5 bps over 1.5% Treasury due Feb. 15, 2030
Call option:	Prior to Oct. 23, 2030, make-whole call at Treasuries plus 35 bps; after that, par

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