Issuer Free Writing Prospectus, dated March 19, 2015
Filed Pursuant to Rule 433
Relating to Preliminary Prospectus Supplement dated March 19, 2015
to Prospectus dated October 30, 2014
Registration No. 333-196690
Issuer Free Writing Prospectus
Republic of Peru’s U.S$ 545,000,000 5.625% U.S. Dollar-Denominated Global Bonds due 2050
Final terms and conditions as of March 19, 2015
| Issuer | Republic of Peru | |
| Issue Type | SEC Global Registered | |
| Joint Lead Managers and Joint Bookrunners | BBVA Securities Inc. Deutsche Bank Securities Inc. Morgan Stanley & Co. LLC | |
| Issue Amount | U.S$ 545,000,000
The bonds constitute a further issuance of, and will be consolidated and form a single series with, Peru’s outstanding 5.625% U.S. Dollar-Denominated Global Bonds due 2050 issued in an aggregate principal amount of U.S.$1,000,000,000 on November 18, 2010, and subsequent issuances by way of a reopening of U.S.$500,000,000 issued on February 1, 2012, and U.S.$500,000,000 issued on November 7, 2014. | |
| Issue Price | 115.378%, plus accrued interest from November 18, 2014 | |
| Settlement Date | March 27, 2015 (T+6) | |
| Denominations | U.S.$1,000 x U.S.$1,000 | |
| Maturity | November 18, 2050 | |
| Coupon | 5.625% per year | |
| Interest Payment Dates | May 18 and November 18 of each year, beginning on May 18, 2015 | |
| UST Price/Yield at Pricing | 109-26 / 2.528% | |
| Benchmark Instrument | 3.000% U.S. Treasury due November 15, 2044 | |
| Offer Spread | 220 bps | |
| Yield to Maturity | 4.728% | |
| Gross Proceeds to Issuer | U.S.$ 639,795,256.25 (including accrued interest of U.S.$ 10,985,156.25) | |
| Interest Rate Basis | 30/360 | |
| Governing Law | New York | |
| Clearing | DTC / Euroclear / Clearstream | |
| ISIN | US 715638BM30 | |
| CUSIP | 715638BM3 | |
| Listing and Trading | Application will be made to admit the bonds for listing on the Official List of the Luxembourg Stock Exchange and for trading on the Euro MTF Market. | |
The following additional information of the Republic of Peru and regarding the securities is available from the Securities and Exchange Commission’s (“SEC”) website and also accompanies this free-writing prospectus:
Preliminary Prospectus Supplement Dated March 19, 2015 to Prospectus Dated October 30, 2014
http://www.sec.gov/Archives/edgar/data/77694/000119312515097615/d890012d424b3.htm
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus supplement and related prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer or any underwriter participating in the offering will arrange to send you the prospectus if you request it by calling:
BBVA Securities Inc.: +212-728-2446
Deutsche Bank Securities Inc.: +1-800 503-4611
Morgan Stanley & Co. LLC: +1-866-846-2874
ANY DISCLAIMER OR OTHER NOTICE THAT MAY APPEAR BELOW IS NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMER OR OTHER NOTICE WAS AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
