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Emerging MarketsEM LatAm

Orazul to deleverage with buyback of 2027s

Peru, Lima, Miraflores, bridge, electricity, lights, LatAm, 575

Peruvian power generation company Orazul has launched a tender offer for a portion of its 2027 bonds and will use proceeds from last year’s sale of its transmission businesses to fund the liability management. Fitch had anticipated the prepayment of the notes back in August 2020, when it placed Orazul’s credit rating on positive watch.

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