Exalmar Nets Bond Debut

Exalmar Nets Bond Debut

Peru Bonds

Pesquera Exalmar has priced a $200m 2020 NC4 bond, with the Peruvian fishery getting $800m demand in its first entry into the international DCM. The B2/B bond priced at 99.329 with a 7.375% coupon to yield 7.500%, the tight end of 7.625%-area guidance that followed high-7% talk. The new bond was trading up 0.75-1.25 points in the grey Friday afternoon, according to a trader. "The deal came right at fair value," says a participating New York EM-based portfolio manager who calculated 5bp upside on

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