Mivivienda Tightens Cross-Border Debut

Mivivienda Tightens Cross-Border Debut

Peru Bonds

Peru’s Fondo Mivivienda has sold $500m in 2023 bonds, tightening the price as investors put in for $6bn in orders. The government-owned housing fund priced its cross-border debut at 99.150 with a 3.500% coupon to yield 3.602%, or UST+175bp, in line with 175bp-area guidance brought in from earlier low-200bp talk. The BBB rated bonds were heard trading up a point in the grey late Thursday. The deal priced inside of Peruvian development bank Cofide’s (BBB/BBB) 2022 bonds, quoted at UST+185bp, surpr

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