Peru wraps tender in final stage of LM
Peru will buy back a portion of local currency bonds maturing next year after nearly a third of the holders of the notes agreed to participate in a tender offer, bringing the sovereign’s latest liability management exercise to a close.
On November 21, the same day it sold Sl10bn of new Nuevo sol bonds, Peru had launched a parallel cash buy-back for any and all of its Sl231.125m ($67.89m) of 7.84% local currency 2020s.According to the A3/BBB+/BBB+ rated sovereign, holders of some Sl74.324m of the 2020s agreed ...
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