September 21, 2012
Peru’s Interbank reopened its 2020 bond for $250m, to bring the total size
Peru’s Interbank reopened its 2020 bond for $250m, to bring the total size to $650m. In another sale taking advantage of strong recent demand for Andean credit, the Peruvian lender reopened the 5.750% coupon bond at 106.25, in line with 106.25-area guidance, to yield 4.800%. Bank of America Merrill Lynch and JPMorgan managed the sale, rated Baa3/BB+/BBB minus. The bond was originally sold in September of 2010, raising $400m.