Peruvian Clinches 5% in Bond Debut

Apr 22, 2013

Peru’s Ferreycorp generated $1.6bn in orders for its inaugural 2020 NC4 bond, raising $300m. The holdco for Peruvian heavy machinery distributor Ferreycorp priced the senior unsecured Ba1/BB+ note at 99.269 with a 4.875% coupon to yield 5.00%, inside of low-5.00% initial price thoughts. Looking at other Peruvian...

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