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Emerging MarketsEM LatAm

BCP prices T2 tight to senior on $3bn book

Peru, nuevo sol, currency, LatAm, money, notes, 575

Peru’s largest commercial lender Banco de Crédito del Perú (BCP) raised $850m of 10-year non-call five tier two bonds on Friday, offering what some bankers saw as a slim pick-up to its senior debt on the back of a nearly four times subscribed order book.

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