BCP launches swap

BCP launches swap

Bonds

Banco de Credito del Peru has launched an offer to exchange all of its outstanding $365m 2016 4.75% notes for newly issued 2.75% paper due in 2018. Investors tendering their bonds before June 17 will be paid a price of 107 for the new notes, including a 30c early tender premium. The offer expires on July 1. Standard and Poor’s assigned a BBB+ provisional rating to the notes, while Fitch rates them A-. BCP said that if less than $250m aggregate principal amount new notes were to be issued as part

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial