Peru to price new bonos soberanos due 2029 to fund one-day tender

By Susanna Moon

Chicago, Nov. 29 – The Republic of Peru plans to price new bonos soberanos due 2029 with proceeds to be used to fund its one-day tender offer.

The new bonds will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

Peru is offering to purchase for cash global bonds and sovereign bonds or bonos soberanos, including bonos soberanos in the form of Global Depositary Notes previously issued by Citibank NA, according to an announcement.

The tender offer was set to run for one day on Thursday from 8 a.m. ET until 11 a.m. ET for non-preferred tenders and for global bonds and until 1 p.m. ET for preferred tenders.

The maximum purchase amount will be determined by Peru.

The tender is contingent on pricing and closing of the new issue of Peru's bonos soberanos due 2029.

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