BBVA Continental Sees Well-Bid Sale

BBVA Continental Sees Well-Bid Sale

Peru Bonds

Peru’s BBVA Continental has raised a $300m bond, capitalizing on Peru’s booming growth and investor appetite for Andean credits to generate $2bn in orders. The BBB/BBB+ bank priced the 3.5-year bond at 99.786 with a 2.250% coupon to yield 2.314%, or UST+195bp, the tight end of UST+205bp-area guidance and low-to-mid 200bp initial talk. The new 2016 bond was trading up 0.125 in the grey Tuesday, according to traders. Both people on and away from the transaction comped the bond against Banco de Cre

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