BBVA Peru Returns to Receptive DCM

BBVA Peru Returns to Receptive DCM

Peru Bonds

Peru’s BBVA Continental has priced $500m in 2018 bonds, with investors filling a book that reached nearly $3bn. The lender followed up a three-continent road show it held last month by clinching a new deal seen coming about 10bp wide to its curve. The BBB/BBB+ unit of Spain’s BBVA priced at 99.425 with a 3.250% coupon to yield 3.376% or UST+265bp, at the tight end of UST+270bp (+/- 10bp) guidance following high-200bp talk. The bonds were trading up 0.25 points in the grey late Wednesday, accordi

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