Investors Pounce on Peru Dual Currency

Investors Pounce on Peru Dual Currency

Peru Bonds Funds

Peru has sold $2.5bn-equivalent in bonds, offering yield-hungry investors a crack at a liquid part of its PES curve. The sovereign raised $1.0bn in new 2050s and $1.5bn equivalent in retapped sol-denominated 2020s, with investors placing $5bn in orders, according to a banker on the deal. The Baa3/BBB+/BBB global 7.84% of 2020 reopened at 114.718, to yield 5.750%, at the tight end of 5.875% guidance. “There are 2 spots on the local yield curve that offer strong liquidity, and the 2020 is one of t

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