All-in cost made century bond perfect for Peru, says DMO
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All-in cost made century bond perfect for Peru, says DMO

Peru, Francisco Sagasti, president, impeachment, LAtAm, politics, inauguration, 575

Peru grabbed the bond market’s attention on Monday with a $4bn triple-tranche issue including a 100 year bond despite the country being on its third president this month. But the country’s public treasury director said it was the all-in yield, not the desire to make headlines, that drove Peru to become the fourth Latin American borrower ever to sell a century bond.

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