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Peru Tollroad Heads for Bond Market

Sep 17, 2008

In the face of unequivocally rough markets, Peru’s IIRSA Tramo 5, the last stretch of tollroads in the Interoceanica highways, is set to price next week, barring further meltdown, say executives close to the issuer....

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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