Peru Fish Exporter Retaps

Peru Fish Exporter Retaps

Peru Bonds

Peru’s Corporacion Pesquera Inca (Copeinca) emerged Thursday with a $75m retap of its senior unsecured 2017 bonds, seeing total demand of $350m. Peru’s second-largest fishmeal producer reopened the 9.00% coupon bonds at 107.00 to yield 6.989% to maturity, or 6.246% to a 2014 call. The deal priced at the tight end of 106.5-area guidance, and flat to 107.00 secondary levels, bankers on the deal say. At least $35m of the proceeds will be used to repay leases that are part of the company’s financial

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