Peru pitches new notes

Peru pitches new notes

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

Peruvian finance officials have gone to New York to pitch a possible bond deal in the US market, according to an announcement in the government's official gazette.

Finance Minister Carlos Oliva has scheduled meetings with investors from June 10 to June 14 "to promote the advantages of investing in Peru," it said in the announcement.

Peru has reportedly hired HSBC, Morgan Stanley, Santander and Scotiabank to lead the sale of global notes in dollars and soles. The deal could price before the end of the week.

Peru printed PEN10.4bn ($3.12bn) in sol-denominated global notes in December last year, the largest local-currency debt sale by an emerging market at the time. International investors bought 65% to 70% of the bonds.

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