Gas Co Pleased with Debut Price

Gas Co Pleased with Debut Price

Peru Bonds

Peru’s Gas Natural de Lima y Callao (Calidda) has priced a $320m 2023 bond, as investors filled a book reaching $2.6bn, according to people familiar with the terms, demonstrating continued appetite for Andean credits. The Baa3/BBB minus first-time issuer priced at par with a 4.375% coupon, to yield in line with 4.375% guidance revised from 4.625%-area and earlier high-4% talk. The bond was trading flat to up 0.5 points in the grey, traders say. “Calidda priced on the tight side and didn’t offer

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