Minsur signs loan to fund bond tender as Peru presidential candidate takes on miners
by Oliver West
May 20, 2021 06:30 AM
Peruvian mining company Minsur, which will shortly begin operations at a copper project that almost triples its previous size, has signed a loan with two international banks to finance a buy-back of old bonds. The liability management exercise comes as the leading candidate in Peru’s presidential elections said he wanted to raise taxes and royalties on the mining sector, and nationalise the country’s wealth.
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