Peruvian Bottler Pops Benchmark

Peruvian Bottler Pops Benchmark

Peru Bonds

Peru's Corporacion Lindley has returned to the DCM to raise $260m, getting $2bn in orders for a new 10-year bond. The BBB minus/BB+ 2023 priced at par with a 4.625% coupon to yield, at the tight end of guidance and inside 4.875%-5.00% talk. The bond was heard up about 1.25 points in the grey late Tuesday. "There was a lot of demand for this and it came right on the screws," says a participating EM investor. The bottler's only other bond, the 2021 that was its DCM debut, traded at about 4.3% prio

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