December 3, 2018 |
Peru's Alicorp plans to issue 10-year bonds in the cross-border market in roughly six months, LatinFinance has heard.
The consumer goods company is looking to raise PEN500m ($148m) to refinance a loan it got to pay for two recent acquisitions in Bolivia.
Four banks — JPMorgan, MUFG, Scotiabank and SMBC — supplied a four-year, $400m loan in May, after Alicorp announced the acquisitions of ADM-SAO and Industrias de Aceite, maker of the Fino brand of cooking oil, in Bolivia.
In October Alicorp
Peruvian consumer good company plots the sale of 10-year bonds in six months