Banco Internacional del Perú S.A.A. - Abbreviated Tender Offer - Launch

Banco Internacional del Perú S.A.A. Commences Abbreviated Tender Offer for Any and All of its 6.625% Fixed-to-Floating Rate Subordinated Notes due 2029

03 JANUARY 2024

Full announcement including disclaimers and offer restrictions available via Prnewswire: Source: Banco International del Peru S.A.

LIMA, Peru, Jan. 3, 2024 /PRNewswire/ -- Banco Internacional del Perú S.A.A., a Peruvian bank in the form of an open-stock corporation ("Interbank"), announced today that it has commenced a tender offer for cash (the "Tender Offer") for any and all of its outstanding 6.625% Fixed-to-Floating Rate Subordinated Notes due 2029 (CUSIP Nos. 05968DAA8 and P13435AA3) (the "Notes").

The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase, dated January 3, 2024 (the "Offer to Purchase") and the related Notice of Guaranteed Delivery (collectively, the "Offer Documents").  The following table sets forth certain information relating to the Notes:"

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"Concurrently with the Tender Offer, Interbank is offering (the "Bond Offering") subordinated notes (the "New Notes") in a transaction that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act"). Following payment for the Notes accepted pursuant to the terms of the Tender Offer, Interbank may, but is not obligated to, redeem all or a portion of the Notes that remain outstanding in accordance with the terms of the indenture governing the Notes. The Tender Offer does not constitute a notice of redemption or an obligation to issue a notice of redemption. The Tender Offer is not an offer to sell the Notes, the New Notes or any other securities or a solicitation of an offer to buy the Notes, the New Notes or any other securities.

The Tender Offer is conditioned upon the satisfaction or waiver by Interbank of certain conditions, including the consummation of the Bond Offering on terms satisfactory to Interbank and resulting in net proceeds to Interbank of not less than the aggregate amount to be paid for the Consideration for the Notes tendered and accepted for purchase pursuant to the Tender Offer, plus any accrued and unpaid interest, including any applicable additional amounts, from the last interest payment date to, but not including, the Settlement Date."

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