Peruvian bank duo seeking T2 funding

Peru, lines, line up, Paracas, LatAm, 575
By Oliver West
25 Jun 2020

Banco Internacional del Perú (Interbank) joined its larger peer Banco de Crédito del Perú (BCP) in the new issue pipeline on Thursday as it announced plans for a new tier two deal

Interbank, which has senior debt rated Baa1/BBB/BBB, said it had hired Bank of America and JP Morgan to lead its proposed Baa3/BB+ rated subordinated 10-year non-call five tier two bond.

Interbank, the fourth biggest bank in Peru, has a “good competitive position” in the country’s financial system, “improving capitalisation ...

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