Grana y Montero plans PEN-denominated bond

Grana y Montero plans PEN-denominated bond

Bonds

Peruvian construction firm Graña y Montero is planning to market a local-currency project finance deal internationally, its chief executive told LatinFinance. If successful, the bond will be among the few Peruvian sol-denominated instruments sold to international investors. The deal will finance the first line of Lima’s metro. Once the second part of the train line becomes operational — likely in the next weeks — the company will be “very close” to an international bond sale to refinance capital

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