Coazucar Orders Swell Ahead of Debut

Coazucar Orders Swell Ahead of Debut

Peru Bonds

Corporacion Azucarera del Peru (Coazucar) has received $3.4bn in orders, according to investors, for a new bond of up to $350m set to price as soon as today, following 7%-area yield guidance Wednesday. The sugar and ethanol unit of Grupo Gloria initially emerged with low to mid 7% whispers Wednesday morning for the senior secured 2022 NC5 BB/BB+ bond representing the issuer’s international debut. Coazucar finished fixed-income investor meetings in Europe, the US and LatAm on Wednesday, and is ra

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