Home / Daily Briefs / 2015 / Jockey Plaza goes large with dual-currency bond

Jockey Plaza goes large with dual-currency bond

Jockey Plaza goes large with dual-currency bond

December 21, 2015 | Jennifer P. Roig
Mall operator clocks year's largest bond from Peru - but deal still comes in under target as investors position for higher rates

Peru Bonds

Peru's Jockey Plaza raised $107m through a dual-tranche bond in its bond market debut last week, LatinFinance has learned. The deal is understood to be Peru's biggest this year, and the largest ever from a Peruvian retailer. Still, it came in under the $120m targeted as a result of investors pushing for higher yields in the wake of the US Federal Reserve's rate hike last week, LatinFinance heard.  The shopping center priced a $97.4m 2030 tranche at par to yield

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