Peru's Future-Flow Trailblazer

Peru's Future-Flow Trailblazer


In November 2000, Peru's government pitched into chaos as Alberto Fujimori fled to Japan and faxed his resignation to Congress after a decade in office. The Peruvian Congress swore in an interim government. Even so, Banco de Crédito del Perú, the country's largest private-sector bank, managed to raise $100 million just two months later with a bond backed by its inflows of hard currency electronic transfers. This was the first time a bank issued such a bond. BCP had first issued a securitized bond in 1998 by setting up a master trust backed by future flows of overseas credit card receivables. In the 1990s, several Latin American and Caribbean financial institutions secur

Already have an account?

Free trial

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

Free Trial