BCP Reopens Tier 2s

BCP Reopens Tier 2s

Peru Bonds

Banco de Credito del Peru (BCP) has reopened its Tier 2 2027 bonds for $170m, boosting the outstanding size to $520m. The 6.125% bond reopened at 108.479 to yield 4.95%, at the tight end of 4.95%-5.00% guidance that followed 5.10%-area whispers. The reopening came flat to pre-announcement secondary levels of 4.95%, according to a person following the deal. JPMorgan and Citi managed the transaction, done through BCP's Panamanian branch and rated Ba1/BBB. BCP originally issued the 2027s in April 2

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial