Chicago, March 4 – Republic of Peru priced €825 million of 1¼% global notes due March 11, 2033 at 99.734 to yield 1.274%, according to an FWP filed with the Securities and Exchange Commission.
The notes priced with a spread of mid-swaps plus 115 basis points, or Treasuries plus 158.6 bps.
Before Dec. 11, 2032, the notes can be called at par plus a make-whole premium at the benchmark rate plus 25 bps. The benchmark is the 0% Bund due Feb. 15, 2031. After Dec. 11, 2031, any optional early redemption will be at par.
The notes will be listed on the Luxembourg Stock Exchange and for trading on the Euro MTF Market.
J.P. Morgan Securities plc, Merrill Lynch International and Morgan Stanley & Co. International plc worked as bookrunners.
| Issuer: | Republic of Peru
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| Issue: | Global notes
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| Amount: | €825 million
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| Maturity: | March 11, 2033
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| Bookrunners: | J.P. Morgan Securities plc, Merrill Lynch International and Morgan Stanley & Co. International plc
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| Coupon: | 1¼%
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| Price: | 99.734
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| Yield: | 1.274%
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| Spread: | Mid-swaps plus 115 bps, or Treasuries plus 158.6 bps
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| Call features: | Make-whole redemption at Bund plus 25 bps until Dec. 11, 2032; thereafter at par
|
| Pricing date: | March 4
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| Settlement date: | March 11
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| Distribution: | SEC registered
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| ISIN: | XS2314020806
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