Cofide Bond Expected

Cofide Bond Expected


Cofide, Peru’s private-public development bank, has received a second investment grade rating, receiving a BBB minus score from Fitch. In early February, the bank received a BBB minus from S&P. Now that it is equipped with 2 high grade ratings, Cofide is likely planning to issue a bond, speculate DCM bankers familiar with the credit. The state-owned issuer hasn’t issued dollar notes in the past, according to Dealogic. Ratings reports do not detail plans for issuance. Furthermore, bankers say

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