Gloria Picks Banks, Watches Market

Gloria Picks Banks, Watches Market

Peru Bonds

Peruvian conglomerate Grupo Gloria has mandated Bank of America Merrill Lynch and JPMorgan for an international bond deal to be done through one of its subsidiaries, though plans are currently on hold due to market conditions, Francis Pilkington, director of corporate finance, tells LatinFinance. The $325m bond sale from Gloria’s Corporacion Azucarera del Peru (Coazucar), the group’s debut, drew $4.5bn demand last year. Pilkington previously indicated not only Coazucar, but perhaps other holding

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