The Republic of Peru’s $254.6 Million Offer for Its 7.125% Global Bonds Due 2019


Simpson Thacher & Bartlett, Estudio Echecopar (Baker McKenzie), Shearman & Sterling, Garrigues and Pillsbury Winthrop Shaw Pittman advised on the transaction

The Republic of Peru executed an offer to purchase for cash any and all of its outstanding 7.125% Global Bonds due 2019.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Santander Investment Securities Inc., and Scotia Capital (USA) Inc. will serve as the dealer managers for the Offering and D.F. King & Co., Inc. is acting as tender agent and information agent for the Offer.

Bank of New York Mellon Corporation acted as trustee.

The Offer is made subject to the terms and conditions set forth in the offer to purchase dated October 25, 2018. The aggregate principal amount of eligible Bonds outstanding as of October 23, 2018, was U.S.$395,741,000.

Simpson Thacher & Bartlett advised The Republic of Peru with Jaime Mercado (Picture), Jonathan Cantor, Christopher Murray, Karen McClendon, Matías Anchordoqui and Miluska Gutiérrez.

Estudio Echecopar (Baker McKenzie) advised The Republic of Peru with Alonso Miranda, Pablo Berckholtz, Rafael Berckholtz and Stephanie Swansson.

In US, Shearman & Sterling advised J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and Scotia Capital (USA) Inc. with Antonia Stolper, María Marulanda Larsen, Rayanna Smith and Anna Shepard.

Garrigues advised J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and Scotia Capital (USA) Inc. with José Francisco Meier, Jorge Fuentes and Mónica Yrrarazabal.

Pillsbury Winthrop Shaw Pittman advised Bank of New York Mellon Corporation with Peter Baumgaertner and Michael Fruchter.

Involved fees earner: Peter Baumgaertner – Pillsbury Winthrop Shaw Pittman LLP; Michael Fruchter – Pillsbury Winthrop Shaw Pittman LLP; Jaime Mercado – Simpson Thacher & Bartlett; Karen McClendon – Simpson Thacher & Bartlett; Matías Anchordoqui – Simpson Thacher & Bartlett; Miluska Gutierrez Vega – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett; José Francisco Meier – Garrigues; Jorge Fuentes – Garrigues; Monica Yrrarazabal – Garrigues; Antonia Stolper – Shearman & Sterling; Maria Marulanda Larsen – Shearman & Sterling; Rayanna Smith – Shearman & Sterling; Anna Shepard – Shearman & Sterling; Alonso Miranda Vargas – Baker McKenzie; Pablo Berckholtz – Baker McKenzie; Rafael Berckholtz Velarde – Baker McKenzie;

Law Firms: Pillsbury Winthrop Shaw Pittman LLP; Simpson Thacher & Bartlett; Garrigues; Shearman & Sterling; Baker McKenzie;

Clients: Morgan Stanley; JP Morgan Securities; Scotia Capital Inc.; Bank of New York Mellon; Republic of Peru; Santander Securities ;