November 29, 2018 |
Peru's Alicorp plans to issue roughly PEN500m ($148m) in bonds to refinance two recent acquisitions in Bolivia, sources told LatinFinance.
Market sources did not provide information on the maturity or the pricing of the bonds.
Alicorp got a four-year, $400m loan in May from four banks — JPMorgan, MUFG, Scotiabank and SMBC — after it agreed to buy Industrias de Aceite, maker of the Fino brand of cooking oil, for $293m. Alicorp also agreed at the time to buy the Bolivian oilseeds crusher and consu
Peruvian consumer goods company could issue $148m in local notes to pay back a loan for the Fino and ADM-SAO deals