BCP Tender Sees Strong Early Response

BCP Tender Sees Strong Early Response

Peru Bonds

Banco de Credito Del Peru (BCP) has received commitments from creditors holding $114.4m of outstanding 6.95% 2021s to exchange these bonds for recently issued 6.875% 2026 fixed-to-floating rate notes. There are $120m of outstanding 2021s. Accepting holders get $1,078.38 worth of new bonds per $1,000 of the old ones, including a $30 early acceptance premium. Remaining holders have until October 24 to swap at $1,048.38. Creditors have also agreed to waive a provision in the original notes that kee

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