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Minerva to Extend Curve

Jan 14, 2013

Minerva has launched a cash tender offer targeting three series of pricey bonds, it says, and will meet investors starting today ahead of a likely 10-year new issue, according to sources familiar with the process....

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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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