San Miguel Readies Bond

San Miguel Readies Bond

Peru Bonds

Peru’s San Miguel Industrias (SMI) is out with 9%-area initial price thoughts for a new $200m senior unsecured 2020 bond, and was heard with $500m demand ahead of pricing as soon as today, according to people familiar with the transaction. The BB/Ba2 producer of diversified PET pre-forms and bottles for the food and beverage sector finished a roadshow Tuesday. The unit of Peru’s Intercorp issuer is refinancing a $178m bridge facility and raising funds for general corporate purposes. Bank of Amer

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