November 24, 2009
In a move to lengthen the maturities of its outstanding debt, Peru has auth
In a move to lengthen the maturities of its outstanding debt, Peru has authorized a swap of sovereign bonds. It plans to place up to PES1.42bn ($495m) in sovereign bonds on the local market through multiple transactions in exchange for existing 2011, 2017 and 2026 local bonds, according to El Peruano, the country’s official gazette. The settlement date for the new notes issued through Banco de la Nacion will be November 26.