Peruvians Seen Seeking $300m

Peruvians Seen Seeking $300m

Peru Bonds

Corporacion Azucarera del Peru (Coazucar) is targeting $300m for its planned 2022 bond sale, Fitch says while assigning a BB rating. The sugar and ethanol unit of Grupo Gloria is on the road in Europe, the US and LatAm through July 25, with a BB/BB+ 2022 bond expected to follow. Bank of America Merrill Lynch and Citi are managing the process. A deal would offer a continued test of high-yield corporate appetite in the region. Coazucar operates 5 mills and 8 distilleries located in Peru, Ecuador a

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