July 15, 2019 |
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 and
Sovereign hopes to redeem up to 50% its 7.84% 2020 notes