Peru Bank Readies Debut DPR

Peru Bank Readies Debut DPR

Structured Finance

Peru’s Scotiabank is heard preparing to issue a new set of bonds backed by remittances and other financial receivables, apparently its first such deal. DPR deals in Peru and Brazil have tended to carry 5-year tenors and be sized in the $100m-$150m range. Credit Suisse is heard leading the deal. The last DPR to be issued in LatAm came from Interbank, also in Peru. The bank sold a 7-year final 5-year average life bond worth $121.2m, at Libor plus 425bp. Deutsche Bank led. And in late March, Brades

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