June 13, 2018 |
Peru will continue converting its debt into local currency, working on new mechanisms to boost its market makers program and increasing amounts of its weekly emissions in the Peruvian sol.
“The role of market makers has been fundamental,” says José Olivares, director of financial markets at Peru's Economy and Finance Ministry.
The program has helped the country move rapidly from having 5% of its debt in soles to reaching 60%, Olivares said on Tuesday at LatinFinance’s Andean Finance and Invest
Sovereign issuer now has enough sol-denominated demand to cover its financing needs without tapping international markets