BCP Launches Tender

BCP Launches Tender

Peru Bonds

As it hinted during Monday’s $350m new bond sale, Banco de Credito del Peru (BCP) has launched a tender for up to $350m of its 4.75% 2016 bonds. The Peruvian bank is reopening the newly issued 4.25% 2023 senior notes and offering them in exchange for the 2016s, as it seeks to manage its maturity profile. BCP will issue 2023s at a rate of $1,096.25 in new bonds per $1,000.00 of the 2016s tendered before an April 5 early deadline, and $1,078.75 per $1,000.00 after. The offer fully expires April 19

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