Interbank Seen Tighter by Waiting

Interbank Seen Tighter by Waiting

A recent tightening in Peru CDS will benefit borrowers pricing off the hedging benchmark. One example that stands out is Interbank, which for several weeks has been in the process of putting together a $150m placement of DPR bonds via Deutsche Bank. The BBB deal, heard consisting of a $120m 6-year and $30m 10-year, was expected to price in late March, but is still being worked on, say people close to the process. It should price this month, and pricing is understood to be 150bp over Peru 5-year

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