Machinery Distributor Talks Price

Machinery Distributor Talks Price

Peru Bonds

Ferreycorp, the holdco for Peruvian heavy machinery distributor Ferreyros, is out with low-5% initial price thoughts for a 2020 NC4 year bond set to price as soon as today. Size has yet to be determined, but a $300m 10-year senior unsecured transaction is likely, according to a Moody's report assigning a Ba1 rating. Ferreycorp ended fixed-income investor meetings in New York Thursday. Recent Peruvian cross-border deals have provided the pricing reference points, CFO Patricia Gastelumendi told La

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