BCP Mops Up 2021s

BCP Mops Up 2021s

Peru Bonds

Holders of Banco de Credito Del Peru’s 6.95% 2021s have agreed to exchange $117.04m of the notes for recently issued 6.875% fixed-to-floating rate 2026s, mopping up most of the $120m of existing instruments. Accepting holders got $1,078.38 worth of new bonds per $1,000 of the old ones, including a $30 early acceptance premium, or $1,048.38 if they participated after the early bird date but before the final expiration of October 24. Creditors also agreed to waive a provision in the original

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