Peru's Government Reveals Exchange and Tender Offer Results for Bonds
Peru's Bond Exchange and Tender Offer Results
On July 2, 2025, the Republic of Peru made headlines by announcing the results of its recently conducted exchange and cash tender offers. These offers, designed for its outstanding U.S. dollar and Euro-denominated bonds, provide investors with valuable options in today's volatile financial landscape.
Overview of the Offers
The Republic of Peru proposed two primary types of offers:
1. Exchange Offers: This involved the exchange of certain USD-denominated bonds for a new series of global bonds.
2. Cash Tender Offers: This allowed the government to purchase certain eligible bonds for cash.
These offers were part of a strategic move to optimize the country's debt profile and were set to expire on July 1, 2025, at 5:00 PM New York City time. The bonds involved in the offers are collectively referred to as the