Interbank Closes MT100

Interbank Closes MT100

Loans

Peru's Interbank has priced a $121.2m 7-year final, 5-year average MT100 at 425bp over 3-month Libor, in line with expectations, according to a banker on it. The deal was sold two thirds in Peru and the rest offshore in a simultaneous placement, exploiting price tension with local investors who are used to tighter levels, adds the banker. Locals were apparently allowed to treat the deal as a domestic issue for regulatory purposes, increasing the potential sol-denominated bid. Target size was $10

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