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News Nov 03, 2015

Shearman & Sterling Advises on Republic of Peru’s Inaugural Euro-Denominated Global Bonds Offering

Shearman & Sterling advised Banco Bilbao Vizcaya Argentaria, S.A., BNP Paribas and J.P. Morgan Securities plc as underwriters in connection with the Republic of Peru’s SEC-registered issuance of its 2.750% Euro-denominated Global Bonds due 2026 for an aggregate principal amount of €1,100,000,000.  This is the Republic of Peru’s first issuance of Euro-denominated bonds.  The net proceeds from the offering will be used by the Republic of Peru to pre-finance a portion of the general financial requirements for fiscal year 2016.

The Shearman & Sterling team of lawyers included partner Antonia Stolper (New York–Capital Markets), associates Maria Marulanda Larsen (New York–Capital Markets), Jeffrey Tate (Washington DC–Tax), Michael Daly (Washington DC–Tax) and visiting attorney Gizeh V. Polo Ballinas (New York–Capital Markets).