Peru plans dollar bond return, considers euroclear format

Peru plans dollar bond return, considers euroclear format

Bonds Project & Infrastructure Finance

Peru may return to the cross-border bond market this year, the country’s head of public credit has told LatinFinance. A new bond sale is likely to be combined with a liability management exercise, and the sovereign is considering using a euroclearable format, instead of the global depositary note structure it has employed in the past. Peru needs to borrow around $1bn equivalent this year. “Most of it will be achieved through the local market,” Linares told LatinFinance. “But given the volatility

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