The offers are for seven tranches of debt

Davis Polk advised the dealer managers in connection with the Republic of Peru’s SEC-registered offers to exchange for newly issued 5.500% global bonds due 2036 or purchase for cash its outstanding 7.350% global bonds due 2025, 2.392% global bonds due 2026, 4.125% global bonds due 2027, 2.844% global bonds due 2030 and 2.783% global bonds due 2031 in an aggregate principal amount of $950.7 million, and to purchase for cash its outstanding 2.750% global bonds due 2026 and 3.750% global bonds due 2030 in an aggregate principal amount of €229.8 million (approximately $268.8 million).

The Davis Polk corporate team included partners Pedro J. Bermeo and Maurice Blanco and associate Michael Schuster. The tax team included partner Patrick E. Sigmon and associates Valentin Van de Walle and Georgianna Eck. All members of the Davis Polk team are based in the New York office.

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