September 26, 2013
Banco de Credito del Peru (BCP) plans to issue around $400m-equivalent in d
Banco de Credito del Peru (BCP) plans to issue around $400m-equivalent in domestic bonds in the next 9-12 months, COO Walter Bayly tells LatinFinance. The bank usually sells in tranches of about $50m- equivalent, he says. The Peruvian bank this month registered a $730m shelf, he says, with maturities from five to 12 years. BCP’s own capital markets arm manages the sales, he adds, explaining that tenors of seven years are desirable, as match the maturity of the bank’s mortgage portfolio growth.