Peruvian Lender Gets IFC Funds, Plans Bond

Peruvian Lender Gets IFC Funds, Plans Bond

Peru Bonds Equity Funds

The IFC has made a $50m equity investment in BanBif, which the Peruvian commercial bank hopes to follow with an international bond this year, it says. BanBif would like to raise $200m in the cross-border bond market in the second half of the year, in addition to domestic market debt. The IFC’s investment makes the multilateral a 12.66% shareholder in BanBif, and will help BanBif serve small and medium enterprises. It follows a $18m 10-year subordinated loan to BanBif. In 2009, the bank also rece

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