Scotia Peru Plans DPR

Scotia Peru Plans DPR

Structured Finance

Scotiabank Peru is preparing a $250m diversified payment rights (DPR) securitization, which should come by mid-February. The 7.00-year amortizing deal with a 4.83-year average life will be floating rate, according to a banker managing it. The transaction is backed by rights to electronic payment orders intended for payment to third party beneficiaries via Scotia Peru, such as trade financing or remittances, according to ratings report from Fitch, which assign an A mark. Credit Suisse is managing

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