SCOTIABANK PERÚ S.A.A. Scotiabank Perú S.A.A. announced the tender results for the previously announced tender offer for cash (the "Tender Offer") for any and all of its outstanding 4.50% Fixed-to-Floating Rate Subordinated Notes due 2027 (CUSIP Nos.80928H AA1 and P8542T AP2) (the "Notes"). The Tender Offer expired on January 10, 2023, at 5:00 p.m., New York City time (the "Expiration Time"). As of the Expiration Time, a total aggregate principal amount of $108,003,000 Notes was tendered and accepted for purchase.
No Notices of Guaranteed Delivery (as defined below) were delivered in connection with tender of Notes, at or prior to the Expiration Time. Scotiabank Perú expects to make payment for the Notes on or about January 13, 2023 (the "Settlement Date"). The Tender Offer was made pursuant to the terms and subject to the conditions set forth in the offer to purchase, dated January 3, 2023 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents").
In addition to the Consideration, holders of Notes accepted for payment will receive accrued and unpaid interest from and including the last interest payment date for the Notes to, but not including, the Settlement Date. Scotiabank Perú will gross up the amounts due in respect of any such accrued and unpaid interest pursuant to the terms of the indenture.
