Obligation Republic of Peru 8.75% ( US715638AP79 ) en USD

Republic of Peru

100 % ▼

Perou

US715638AP79 ( en USD )

8.75% par an ( paiement semestriel )

20/11/2033

Prospectus brochure de l'obligation Peru US715638AP79 en USD 8.75%, échéance 20/11/2033

100 000 USD

2 245 439 000 USD

715638AP7

21/05/2026 ( Dans 47 jours )

Gouvernement souverain du Pérou accédant aux marchés internationaux pour soutenir sa croissance et ses réformes économiques.

L'Obligation émise par Republic of Peru ( Perou ) , en USD, avec le code ISIN US715638AP79, paye un coupon de 8.75% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 20/11/2033

Prospectus Supplement
424B2 1 d424b2.htm PROSPECTUS SUPPLEMENT
Table of Contents
Filed Pursuant to Rule 424(b)2
Registration No. 333-110394
Prospectus Supplement
To prospectus dated November 12, 2003

LOGO
Republic of Peru
US$500,000,000
8.750% U.S. Dollar-Denominated Global Bonds due 2033
The bonds will bear interest at the rate of 8.750% per year. Interest on the bonds is payable on May 21 and November 21 of each year,
beginning on May 21, 2004. The bonds will mature on November 21, 2033. The bonds are not redeemable prior to maturity.
The bonds will be direct, general, unconditional, unsubordinated and unsecured obligations of Peru. The bonds will rank equally, without any
preference among themselves, with all of Peru's other existing and future unsecured and unsubordinated obligations relating to external
indebtedness of Peru, as described in "Description of the Securities--Debt Securities--Defined Terms" in the accompanying prospectus.
The bonds will contain provisions regarding acceleration and future modifications to their terms that differ from those applicable to all of
Peru's outstanding public external indebtedness. Under these provisions, which are described in the sections entitled "Description of the
Securities--Debt Securities--Default; Acceleration of Maturity" and "--Amendments and Waivers" in the accompanying prospectus, Peru
may amend the payment provisions and certain other terms of a series of bonds with the consent of the holders of 75% of the aggregate
principal amount of the outstanding bonds of that series.
Application has been made to list the bonds on the Luxembourg Stock Exchange.
Neither the Securities and Exchange Commission, or SEC, nor any state securities commission has approved or disapproved of these
securities or determined that this prospectus supplement or the related prospectus is truthful or complete. Any representation to the
contrary is a criminal offense.

Per bond
Total
Public offering price

99.099%
US$495,495,000
Underwriting discount

0.300%
US$1,500,000
Proceeds to Peru (before expenses)

98.799%
US$493,995,000
Interest on the bonds will accrue from November 21, 2003, to the date of delivery.
The underwriters are offering the bonds subject to various conditions. The underwriters expect to deliver the bonds to purchasers on or about
November 21, 2003, through the book-entry facilities of The Depository Trust Company, or DTC, the Euroclear System, or Euroclear, and
Clearstream Banking, société anonyme, or Clearstream, Luxembourg.

JPMorgan
Citigroup

Deutsche Bank Securities
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November 14, 2003
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LOGO

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TABLE OF CONTENTS
Prospectus Supplement

Page
Page

About this Prospectus Supplement

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Description of the Bonds

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Forward-Looking Statements

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Clearance and Settlement

S-12
Sovereign Immunity and Arbitration

S-4
Underwriting

S-14
Certain Legal Restrictions

S-4
Validity of the Bonds

S-16
Summary of the Offering

S-5
General Information

S-16
Use of Proceeds

S-7

Prospectus

Page
Page

About this Prospectus

i
Public Sector Debt

97
Defined Terms and Conventions

ii
Description of the Securities

108
Forward-Looking Statements

iii
Taxation

123
Summary

1
Plan of Distribution

125
Use of Proceeds

9
Official Statements

127
The Republic of Peru

10
Validity of the Securities

127
The Economy

23
Authorized Representative

127
Balance of Payments and Foreign Trade

51
Where You Can Find More Information

127
The Monetary System

63
Tables and Other Supplemental Information

A-1
Public Sector Finances

83

You should rely only on the information contained in this prospectus supplement and the accompanying prospectus. We have not, and the
underwriters have not, authorized any other person to provide you with different information. If anyone provides you with different or
inconsistent information, you should not rely on it. We are not, and the underwriters are not, making an offer to sell these securities in any
jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus supplement and the
accompanying prospectus is accurate only as of their respective dates. Our financial condition and prospects may have changed since those
dates.

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ABOUT THIS PROSPECTUS SUPPLEMENT
You should read this prospectus supplement along with the accompanying prospectus. Both documents contain information you should
consider when making your investment decision. You should rely only on the information provided in this prospectus supplement and the
accompanying prospectus, which should be read together. References in this prospectus supplement to "we," "us," "our" and "Peru" are to
the Republic of Peru.
We are furnishing this prospectus supplement and the accompanying prospectus solely for use by prospective investors in connection with
their consideration of a purchase of bonds. After having made all reasonable queries, we confirm that:

· the information contained in this prospectus supplement and the accompanying prospectus is true and correct in all material respects
and is not misleading as of the date of this prospectus supplement or the accompanying prospectus;

· changes may occur in our affairs after the date of this prospectus supplement and the accompanying prospectus;

· certain statistical information included in this prospectus supplement and the accompanying prospectus reflects the most recent
reliable data readily available to us as of the date hereof;

· we hold the opinions and intentions expressed in this prospectus supplement and the accompanying prospectus;

· to the best of our knowledge and belief, we have not omitted other facts, the omission of which makes this prospectus supplement
and the accompanying prospectus, as a whole, misleading; and

· we accept responsibility for the information we have provided in this prospectus supplement and the accompanying prospectus.
Prospective investors should rely on the information provided in this prospectus supplement, the accompanying prospectus and the
documents incorporated by reference in this prospectus supplement and the accompanying prospectus. No person is authorized to make any
representation or give any information not contained in this prospectus supplement, the accompanying prospectus or the documents
incorporated by reference in this prospectus supplement and the accompanying prospectus. Any such representation or information not
contained in this prospectus supplement, the accompanying prospectus or the documents incorporated by reference in this prospectus
supplement and the accompanying prospectus must not be relied upon as having been authorized by us, JPMorgan, Citigroup or Deutsche
Bank Securities. Please see "General Information--Where You Can Find More Information" for information on the documents that are
incorporated by reference in this prospectus supplement and the accompanying prospectus.
We are not offering to sell any securities other than the bonds offered under this prospectus supplement. We are not offering to sell the bonds
in places where such offers are not permitted by applicable law. You should not assume that the information in this prospectus supplement or
the accompanying prospectus, or the information we have previously filed with the SEC and incorporated by reference in this prospectus
supplement and the accompanying prospectus, is accurate as of any date other than their respective dates. Our economic, fiscal or political
circumstances may have changed since such dates.
The bonds described in this prospectus supplement are debt securities of Peru being offered under registration statement no. 333-110394,
filed with the SEC under the U.S. Securities Act of 1933, as amended, or the Securities Act. The accompanying prospectus is part of that
registration statement.

S-2
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The accompanying prospectus provides you with a general description of the securities that we may offer, and this prospectus supplement
contains specific information about the terms of the offering and the bonds. Before you invest, you should read this prospectus supplement
and the accompanying prospectus, together with additional information described under "Where You Can Find More Information" in the
accompanying prospectus.
As used in this prospectus supplement, the term "business day" means any day other than a Saturday, a Sunday or a legal holiday or a day on
which banking institutions or trust companies are authorized or obligated by law to close in New York City or Lima, Peru.

FORWARD-LOOKING STATEMENTS
We have made forward-looking statements in this prospectus supplement and the accompanying prospectus. Forward-looking statements are
statements that are not historical facts. These statements are based on our current plans, estimates, assumptions and projections. Therefore
you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no
obligation to update any of them in light of new information or future events.
Forward-looking statements involve inherent risks. We caution you that many factors could affect the future performance of the Peruvian
economy. These factors include, but are not limited to:

· external factors, such as:

· interest rates in financial markets outside Peru;

· changes in Peru's credit ratings;

· changes in import tariffs and exchange rates;

· changes in the international commodity prices;

· recession or low economic growth affecting Peru's trading partners;

· deterioration in the economic condition of Peru's neighboring countries;

· international hostilities; and

· the decisions of international financial institutions, such as the International Monetary Fund, the Inter-American Development
Bank, the International Bank for Reconstruction and Development, and the Corporación Andina de Fomento, or Andean
Development Corporation, regarding the terms of their financial assistance to Peru; and

· internal factors, such as:

· general economic and business conditions;

· political or military events in Peru;

· natural events, such as climatic changes, earthquakes and floods;

· foreign currency reserves;

· the ability of the government to enact key economic reforms;
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· the level of Peruvian domestic debt;

· Peruvian domestic inflation;

· the level of foreign direct and portfolio investment in Peru; and

· the level of Peruvian domestic interest rates.

SOVEREIGN IMMUNITY AND ARBITRATION
Peru is a sovereign state. Consequently, it may be difficult for you to obtain or realize upon judgments of courts in the United States against
Peru. For more information, see "Description of the Securities--Jurisdiction, Consent to Service and Enforceability" in the accompanying
prospectus.

CERTAIN LEGAL RESTRICTIONS
The distribution of materials relating to the offering and the transactions contemplated by the offering may be restricted by law in certain
jurisdictions. If materials relating to the offering come into your possession, you are required by Peru to inform yourself of and to observe all
of these restrictions. The materials relating to the offering do not constitute, and may not be used in connection with, an offer or solicitation in
any place where offers or solicitations are not permitted. If a jurisdiction requires that the offering be made by a licensed broker or dealer and
any of the underwriters or any affiliate of any underwriter is a licensed broker or dealer in such jurisdiction, the offering shall be deemed to
be made by such underwriter or such affiliate on behalf of Peru in such jurisdiction. For more information, see "Underwriting."

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SUMMARY OF THE OFFERING
This summary highlights information contained elsewhere in this prospectus supplement and the accompanying prospectus. It may not
contain all the information that you should consider before investing in the bonds. You should read the entire prospectus supplement and the
accompanying prospectus carefully.
Issuer
Republic of Peru.
Securities
8.750% U.S. Dollar-Denominated Global Bonds due 2033.
Issue Amount
US$500,000,000 aggregate principal amount.
Maturity Date
November 21, 2033.
Interest Rate
8.750% per year, computed on the basis of a 360-day year of twelve 30-day months.
Interest Payment Dates
May 21 and November 21 of each year, starting on May 21, 2004.
Regular Record Dates for Interest
Every May 6 and November 6.
Redemption or Sinking Fund
None.
Collective Action Securities
The bonds will contain provisions regarding acceleration and future modifications to their
terms that differ from those applicable to all of our outstanding public external
indebtedness. These provisions, which are commonly referred to as "collective action
clauses," are described in the sections entitled "Description of the Securities--Debt
Securities--Default; Acceleration of Maturity" and "--Amendments and Waivers" in the
accompanying prospectus.
Negative Pledge
The bonds will contain certain covenants, including restrictions on the incurrence of debt.
Denominations
We will issue the bonds only in denominations of US$1,000 and integral multiples of US
$1,000 in excess thereof.
Status
The bonds will be direct, general, unconditional, unsubordinated and unsecured obligations
of Peru. The bonds will rank equally, without any preference among themselves, with all of
our other existing and future unsecured and unsubordinated obligations relating to our
external indebtedness as described in "Description of the Securities--Debt Securities--
Defined Terms" in the accompanying prospectus.
Additional Amounts
We will make payments of principal and interest in respect of the bonds without
withholding or deduction for or on account of any present or future Peruvian taxes, duties,
assessments or governmental charges of whatever nature except as described in
"Description of the Bonds--Additional Amounts."

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Further Issues
Without the consent of holders of the bonds, we may issue additional debt securities with
the same terms and conditions as the outstanding bonds, except for issue date, issue price
and amount of first interest payment, and we may consolidate the additional bonds to form
a single series with the outstanding bonds.
Form of Securities
We will issue the bonds in the form of one or more registered global notes without
coupons. No bonds will be issued in bearer form.

You will be required to make initial settlement for bonds issued pursuant to the offering in
immediately available funds.

As an owner of a beneficial interest in the global securities, you will generally not be entitled to have
your bonds registered in your name, will not be entitled to receive certificates in your name
evidencing the bonds and will not be considered the holder of any bonds under the fiscal agency
agreement for the bonds.
Governing Law
New York.
Fiscal Agent
The bonds will be issued pursuant to a fiscal agency agreement, dated as of February 6,
2003, to be amended as of November 21, 2003, between Peru and JPMorgan Chase Bank,
as fiscal agent, principal paying agent and registrar.
Listing
Application has been made to list the bonds on the Luxembourg Stock Exchange.

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Document Outline

Local Disk
- #1">Prospectus Supplement