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News Oct 07, 2019

Interbank’s PEN and USD Bond Issuances and Concurrent Tender Offer

Shearman & Sterling represented Banco Internacional del Perú (Interbank) in connection with its issuance of S/312 million aggregate principal amount of 5.000 percent senior notes due 2026 on October 1, 2019 to Peruvian investors in compliance with Regulation S under the Securities Act; the issuance of US$400 million aggregate principal amount of 3.250 percent senior notes due 2026 on October 4; and the tender offer for any and all of the US$386.7 million principal amount of its outstanding 5.750 percent senior notes due 2020.

Interbank is a leading provider of a wide range of financial products and banking services for retail customers and commercial clients in Peru. Interbank intends to use the net proceeds from both offerings for general corporate purposes, including the refinancing of certain existing financial obligations.

The Shearman & Sterling team below included visiting attorney Miguel Torres Caro (New York-Capital Markets).

The Team

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