January 11, 2018 |
Interbank was the first Peruvian corporate to tap the cross-border bond space this month, printing $200m in five-year securities, DCM sources confirmed.
Bank of America Merrill Lynch and JPMorgan started initial price talk at 125bp area over US Treasuries, before tightening the yield at guidance to an area of 115bp. The duo launched the transaction at 105bp, before pricing the paper with a 3.375% coupon to yield 3.389%, or 99.936.
According to a banker not directly involved in the trade, fair va
Peruvian financial services firm places $200m in new securities at a "fair value" to its curve, sources say