BCP extends with LM

BCP extends with LM

Bonds

Investors tendered $210.65m of Banco de Credito del Peru’s 4.75% 2016 bond for an exchange offer, the bank said on Wednesday. The Peruvian lender had offered to swap the $365m outstanding on the bond for a new 2.75% 2018. The Baa2/BBB+/A- rated borrower offered to swap the old bonds at a cash price of 107, including a three point early tender premium. The bank had said that if take-up on the liability management exercise resulted in the new bond being smaller than $250m, it may cancel or change

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