Investors Drawn to Lindley Debut

Investors Drawn to Lindley Debut

Peru Bonds

Rarity value, a strong local bid and divergent pricing views all helped Peru’s Corporacion Lindley generate a $2bn plus book Friday for its $320m 10-year bond, a transaction that marked an international bond debut for the company. The popularity of the sector and Lindley’s status as the official Coca-Cola bottler in Peru didn’t hurt either. “It was in the strike zone. It is Coke and from a corporate perspective, it has what investors are looking for, scarcity and new name value,” notes one rival

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