Shearman And Sterling

News December 01, 2020

Peru’s $4 Billion Sovereign Bonds Issuance

Shearman & Sterling advised the underwriters., BBVA Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Itaú BBA USA Securities, Inc. and Morgan Stanley & Co. LLC, in connection with the issuance of the Republic of Peru’s U.S. Dollar-Denominated 1.862 percent Global Bonds due 2032, 2.780 percent Global Bonds due 2060 and 3.230 percent Global Bonds due 2121, in an aggregate principal amount among the three series of $4 billion, including the country’s first century bond.

The Republic of Peru will use the net proceeds from the offering to finance expenditures relating to the prevention and containment of COVID-19, as well as to stimulate the economy and for expenditures included in the budget for fiscal year 2020 that were affected by the decrease in government revenues as a result of the COVID-19 pandemic.

The team below also included visiting attorney Elias Zaga Belzer.

The Team