SCOTIABANK PERÚ S.A.A. Scotiabank Perú S.A.A. announced the settlement of its previously announced tender offer for cash for any and all of its outstanding 4.50% Fixed-to-Floating Rate Subordinated Notes due 2027, which expired on January 10, 2023, at 5:00 p.m., New York City 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 were delivered in connection with tender of Notes, at or prior to the Expiration Time. The Tender Offer was made pursuant to the terms and subject to the conditions in the offer to purchase, dated January 3, 2023 and the related notice of guaranteed delivery.
In addition to the Consideration, holders of Notes accepted for payment received accrued and unpaid interest from and including the last interest payment date for the Notes to, but not including, the Settlement Date. Any additional amounts due in respect of any such accrued and unpaid interest were grossed up, as applicable, pursuant to the terms of the indenture. The Notes have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act.
The Notes were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States pursuant to Regulation S of the Securities Act. Unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption under the Securities Act and applicable state securities laws.
