October 23, 2013
Financiera Efectiva has sold PES90m ($32.5m) in 2017 bonds in its first iss
Financiera Efectiva has sold PES90m ($32.5m) in 2017 bonds in its first issuance in Peru’s domestic market, according to people familiar with the matter. The bonds pay 10.4%, come under a PES250m program, and were done to diversify Efectiva’s funding sources. Credicorp is the bookrunner on the transaction, rated A+/A+ on a national scale. Owned by Grupo EFE, Financiera Efectiva provides credit for customers of EFE’s retail stores.