Fenix Power books cross-border debut

Fenix Power books cross-border debut

Peru Bonds

Peru's Fenix Power made its debut in the cross-border bond market on Wednesday, selling $340m in international paper with an average life of 7.6 years, sources toldĀ LatinFinance. The bookrunners Citi, Scotiabank and SMBC priced the paper at par to yield 4.317%, or 212.5bp over US Treasury bonds. The leads had opened the price talk in the mid 200bp area, before pulling it down to 225bp at guidance. "[Fenix Power's] revenues and cash flow generation look stable since they have a lot of long-term

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