Petroperu nets huge orders on cross-border debut

Petroperu nets huge orders on cross-border debut

Peru Bonds

Petroperu printed $2bn in 15- and 30-year paper, raking in roughly $10bn in orders for its debut bond sale in the cross-border market. Bank of America Merrill Lynch, Goldman Sachs, HSBC and JPMorgan started initial price talk (IPTs) in the 5% area on the shorter-dated paper and set 6% area on the 30-year bonds, debt capital markets sources said. At guidance, the leads found space to tighten the 15-year notes to 4.875%, while the longer-dated notes were reeled in to 5.75%. Leads then pr

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