March 12, 2014
Peruvian lender Interbank sold a $300m 15 non-call 10 year tier two bond on Tuesday to yield 6.625%, well inside price guidance, after drawing strong interest from investors. Lead managers started the sale with guidance of low 7% area on Tuesday morning. Bank of America Merrill Lynch and Citi received orders from investors to the tune of $2.5bn, sources said. They priced the bond at par. The notes rank junior to Interbank's senior unsecured debt and will carry a fixed interest rate of 6.625% unt
Debt capital markets: Peru’s Interbank sees high demand for subordinated bond.