April 4, 2019 |
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
Spanish telecom's Peruvian business prices $515m in eight-year notes at 7.375%, source says