Simpson Thacher advised Republic of Peru in the issuance and sale of €1 billion 3.75% Euro-denominated global bonds due 2030 in an SEC-registered offering.
The transaction was approved by the government of Peru and managed by its Ministry of Finance and Economy. This was the second Euro-denominated transaction undertaken by Peru in 10 years. Simpson Thacher had also acted for the Republic of Peru in its prior Euro-denominated issuance.
On this occasion, the €1 billion issuance was underwritten by BBVA, BNP Paribas and HSBC Securities (USA).
Partner Jaime Mercado led the Simpson Thacher advising the Republic, which also retained Lazo, De Romaña & Gagliuffi Abogados as Peruvian counsel.
The underwriters instructed Miranda & Amado in Peru and Shearman & Sterling in the US.