Banco de Crédito del Perú launched a cash tender offer of its 5.375% and 4.850% outstanding senior notes due 2020.
The Peruvian bank plans to repurchase up to US$800 million of the 5.375% notes and up to 1.60 billion soles of the 4.850% debt.
Holders of the U.S. dollar-denominated notes will receive a total consideration of $1,032.50, plus interest, per $1,000 principal amount of the notes. Meanwhile, bearers of the sol-denominated securities will receive a total of 1,025 soles, including a 30-sol early tender payment as well as interest, per 1,000 soles principal amount of the notes.
The U.S. dollar notes tender offer will end at 5 p.m. ET on Sept. 5.
The tender offer for the sol-denominated notes will expire at 11:59 p.m ET on Sept. 25. The deadline to qualify for the early tender payment is 5 p.m. ET on Sept. 11.
As of Aug. 27, US$1 was equivalent to 3.39 Peruvian soles.
