Telefónica dials up sol-denominated bonds

Telefónica dials up sol-denominated bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Telecoms Peru Europe

The Peruvian subsidiary of Spain's Telefónica has issued PEN1.7bn ($515m) in sol-denominated bonds in the local market after reeling in PEN3.2bn in orders, LatinFinance has heard. The eight-year notes marked the first bond sale in local currency by a corporate issuer with foreign owners, according to a banker on the deal. "We were thrilled with the outcome," the banker said. "We had high-quality hedge funds and private banks participate; 50% of the issue was international and 50% local," he adde

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