Petroperu set to syndicate benchmark loan

Petroperu set to syndicate benchmark loan

Loans

Peru's state-owned oil company Petroperu has advanced its $500m five-year loan and could launch retail syndication this week, LatinFinance understands. The loan pays 250bp over Libor. Tickets of $25m and $15m are expected to be on offer. Bank of Tokyo-Mitsubishi UFJ and Sumitomo are heard to have joined the deal as mandated lead arrangers. Deutsche Bank, JPMorgan, Mizuho and Scotiabank are leads. Last week, Pedro Touzett is understood to have replace Hector Reyes Cruz as chairman of Petroperu. R

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