BCP Adds Senior Debt

Mar 26, 2013

Banco de Credito del Peru (BCP) has priced a $350m 2023 senior unsecured bond, after getting a book heard reaching more than $1.2bn. The Baa2/BBB+ borrower priced the bond at 99.196 with a 4.25% coupon to yield 4.35%, or UST+243.2bp, tight to 4.50%-area initial price thoughts. Opinions differed as to where the bonds...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management