BCP Lassos Huaso Sequel

BCP Lassos Huaso Sequel

Chile

Banco de Credito del Peru has sold $106m equivalent in floating-rate bonds on the Chilean market, marking the second-ever “huaso” notes issue. The Peruvian bank placed UF2.7m ($106m) in 2014 bonds, priced at 97.92 with a 3.50% coupon to yield 3.97%, or 140bp wide to corresponding government bonds, according to a banker managing the sale. BCP decided not to sell a peso-denominated tranche, which bankers say was a decision made ahead of time, due to a preference shown by investors for UF. They add

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