July 19, 2007
Peru and the City of Bogota are out with local currency offerings expected
Peru and the City of Bogota are out with local currency offerings expected to be priced today, Thursday. Peru is doing a novel 30-year PEN-denominated bond with guidance in the 6.90% area, via Citi. Bogota has issued guidance in the 9.875% area on $300m worth of peso-denominated 21-year notes with amortization beginning in 2025, says a banker close to the deal. Citi and Deutsche are leading that issue.