This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Banco De Credito Del Peru Announces Early Exchange Results For Its Previously Announced Exchange Offer

LIMA, Peru, April 8, 2013 /PRNewswire/ -- Banco de Credito del Peru (the "Company") announced today the early settlement results for its offer to exchange up to U.S. $350 million aggregate principal amount (the "Maximum Tender Amount") of its outstanding 4.75% Senior Notes due 2016 (CUSIP Nos. 05954TAG6 / P09645AG0 and ISIN Nos. US05954TAG67 / USP09645AG07)  (the "Existing Notes") for newly issued 4.25% Senior Notes due 2023 (the "New Notes") (the "Exchange Offer").

The terms and conditions of the Exchange Offer are set forth in the Exchange Offer Memorandum dated March 25, 2013 (the "Exchange Offer Memorandum") and the related letter of transmittal. 

As of 5:00 p.m., New York City time, on April 5, 2013 (the "Early Exchange Date"), the Company received as validly tendered and accepted for exchange approximately U.S. $317,572,000 in aggregate principal amount of Existing Notes.  Subject to the terms and conditions of the Exchange Offer, the Company expects to settle the Exchange Offer for those notes on April 10, 2013 (the "Early Exchange Settlement Date"). On the Early Exchange Settlement Date, Eligible Holders of such notes will receive the Total Exchange Price (as described in the Exchange Offer Memorandum).

All Eligible Holders whose Existing Notes are validly tendered and accepted for exchange will also receive a cash payment equal to the accrued and unpaid interest on their Existing Notes accepted for exchange from the last applicable interest payment date up to, but excluding, April 10, 2013, less the amount of interest accrued on the New Notes from April 1, 2013, the date of the closing of the Company's recent offering of U.S. $350 million 4.25% Senior Notes, to, but excluding, April 10, 2013.  Cash in lieu of any fractional portion rounded down of a New Note will be paid on the applicable settlement date based on the Total Exchange Price or the Exchange Price, as the case may be.

Tenders of Existing Notes in the Exchange Offer may no longer be withdrawn, except as required by applicable law.  The Exchange Offer will expire at midnight, New York City time, on April 19, 2013, unless extended (such time and date, as the same may be extended, the "Expiration Date").  The final exchange settlement date (the "Final Exchange Settlement Date") is expected to be the next business day following the Expiration Date ( April 22, 2013), or as soon as practicable thereafter. On the Final Exchange Settlement Date the Company will, subject to the terms and conditions of the Exchange Offer, settle the exchange of all Existing Notes that have been validly tendered after the Early Exchange Date and on or prior to the Expiration Date.

Eligible Holders who validly tender Existing Notes for exchange after the Early Exchange Date, but on or prior to the Expiration Date, will receive the Exchange Price, which is equal to the Total Exchange Price less the Early Participation Payment (each as described in the Exchange Offer Memorandum). 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs