Investors pile into Minsur bond

Investors pile into Minsur bond

Peruvian tin producer Minsur sold a $450m bond on Friday in a deal that saw significant interest from regional investors. The bond yielded 6.5%, equivalent to 383bp over US Treasuries. The Baa3/BBB-/BBB- rated 10-year note carries a 6.25% coupon and was priced at 98.183. Lead managers Bank of America Merrill Lynch, JPMorgan and Scotiabank took $4bn in orders, which prompted the borrower to increase the size of the issue from the initial $400m, LatinFinance understands. Latin American investors w

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