Paul Hastings Wins “Sovereign Liability Management of the Year” Award at LatinFinance’s Deals of the Year Awards 2023
Paul Hasitngs LLP received the “Sovereign Liability Management of the Year” award at LatinFinance’s Deals of the Year Awards 2023. The firm was recognized for advising the Republic of Peru in connection with its offers to purchase for cash and / or to exchange certain of Peru’s outstanding Sol-Denominated sovereign bonds for a new series of Sol-Denominated sovereign bonds; separate offers to purchase certain of Peru’s outstanding US-Dollar Denominated global bonds; and the concurrent issuance of an aggregate principal amount of US$2.5 billion “new money” 7.300% Sol-Denominated sovereign bonds due 2033. Together with the bonds issued pursuant to the exchange, Peru issued the equivalent of US$4.4 billion aggregate principal amount of 7.300% Sol-Denominated sovereign bonds due 2033 in the offerings.
The LatinFinance Deals of the Year Awards are the landmark recognition of stand-out transactions and institutions in the capital markets of Latin America and the Caribbean.
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