Peru Banks Plot Sub Debt Issuances

Peru Banks Plot Sub Debt Issuances

Peru Structured Finance

Two large Peruvian banks are heard preparing of subordinated debt offerings to be priced in the coming month. The two deals, each estimated in the $150m-$200m range, are meant to fortify Tier 1 and Tier 2 capital requirements, say bankers familiar with the process. The transactions could take one of two forms: a 15 NC5 bond for Tier 2 capital requirements, which is the more likely scenario, or a 30-year NC10 for Tier 1 capital requirements. For Tier I, a 60-year maturity is also a possibility, s

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