PERU LNG 2021 Annual Report
ANNUAL REPORT
PERU LNG 2021
CHAPTER 4
OUR ORGANIZATION
On the 22nd of March 2018, PERU LNG issued an international
bond totalling USD 940 000 000 under Rule 144W and
Regulation S of the United States Securities Act 1933, with
a fixed interest rate of 5.375 %, maturing in 2030. The bond
was rated Baa3 (Moody's), BBB- (S&P) and BBB - (Fitch);
the prospect is stable.
The total value of the bond issue plus approximately
USD 280 000 000 that the company had in reserve accounts,
was used to refinance the USD 1 221 000 000 balance of the
original financing obtained in 2008, including local bonds.
Consequently, on the 17th of May 2018, in accordance
with Ruling Nº 036-2018-SMV/11.1, the Stock Exchange
Regulatory Authority excluded the whole of the PERU LNG
first corporate bond program from the Stock Market Public
Registry.
The international bond issue, with its six-year period of grace,
modified repayment of the debt and extended the repayment
period from 2024 to 2030.
As at the 22nd of March 2018, the date of the refinancing, the
total balance of the debt was USD 1 221 079. The balance
broken down by institution is shown below:
BALANCE OWED AS AT THE 22ND MARCH 2018
Balance
(thousands of USD)
245 491
IADB A
IADB B
204 466
US EXIM
200 002
IFC
184 118
150 001
125 001
112 000
1 221 079
Source: own figures.
K EXIM
SACE
Bonos locales
Total
XXXXX
THE INTERNATIONAL
BOND ISSUE, WITH
ITS SIX-YEAR PERIOD
OF GRACE, MODIFIED
REPAYMENT OF THE
DEBT AND EXTENDED
THE REPAYMENT PERIOD
FROM 2024 TO 2030.
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