Peru hits road for dual currency trade

Peru, Nuevo sol, latam
By Oliver West
11 Jun 2019

Peru will meet fixed income investors in the US on Tuesday and Wednesday as the new second best rated sovereign in Latin America prepares a dual currency bond offering that would include its first visit to dollar markets since 2015.

After Fitch downgraded Mexico last week to leave the borrower with an A3/BBB+/BBB rating, Peru (A3/BBB+/BBB+ in foreign currency) is now on its own as the second best sovereign credit in the region behind Chile (A1/AA-/A+). 

Thanks to scarcity value in its own dollar curve, and worrying economic prospects ...

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