Shearman & Sterling represented Morgan & Stanley Co. Incorporated and Merrill Lynch, Pierce, Fenner & Smith Incorporated as underwriters in connection with an SEC-registered offering of US$1,000,000,000 aggregate principal amount of the Republic of Peru’s 5.625% US Dollar-Denominated Global Bonds due 2050. Shearman & Sterling also represented Morgan & Stanley Co. Incorporated as Merrill Lynch, Pierce, Fenner & Smith Incorporated and Scotiabank Peru as initial purchasers in a Rule 144A/Regulation S offering of Global Depositary Notes (“GDNs”) representing S. /4,196,250,000 aggregate principal amount of the Republic of Peru’s 7.84% Nuevo Sol-Denominated Bonos Soberanos due 2020. The net proceeds from the offerings are being used for partial prepayment of external indebtedness, reimbursement of expenses to the treasury and prefinancing a portion of the general financing requirements for the year 2011.
The following Shearman & Sterling team advised the underwriters in the transaction: partners Antonia Stolper (New York-Capital Markets), Don Lonczak (Washington, DC-Tax); associates Alejandro Gordano (New York-Capital Markets), J.P. Sevilla (New York-Capital Markets), Pamela Okehie (New York-Capital Markets) and Jeffrey Tate (Washington, DC-Tax); and legal assistant Daniela Ritter (New York-Capital Markets).
