Peru repurchases old notes

Peru repurchases old notes

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Peru Andean

Peru said it has used the money from a PEN10 billion ($2.95 billion) bond sale on November 21 to buy back $1.72 billion in outstanding bonds, including PEN5.29 billion in sol-denominated notes and $153 million in dollar-denominated notes. On Thursday, the country issued PEN8 billion in new 2040 notes with a coupon of 5.35% and added PEN2 billion to its 2034 notes at a record low rate of 4.95%. In the buyback, the government agreed to purchase PEN468 million in 5.2% 2023 bonds and PEN4.92 billion

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