Peru to buy back 2020 notes

Peru to buy back 2020 notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Peru

Peru hopes to repurchase its 7.84%, 2020 bonds by the end of 2019 after launching the second-phase of the buyback program. The sovereign hopes to redeem around half of the PEN600m ($182m) in outstanding bonds, paying 105.7% for each note tendered in the offer closing July 15. “We hope to redeem up to 50% in this operation and will continue with other operations to liquidate it [the series] completely by the end of the year,” Jose Olivares, head of financial markets at the Ministry of Economy a

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