BCP increases bond limit

BCP increases bond limit

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Equity Peru Andean

Peruvian lender Banco de Crédito de Perú (BCP) announced on Friday that it increased its bond limit to $8 billion as shareholders agreed to raise capital by PEN850 million ($250 million). BCP drew up a new six-year local bond program for up to PEN3 billion in mid-March. Credicorp, which owns BCP, will lead the program, starting with three-year notes in Peruvian soles. With the new limit, BCP can now have up to $8 billion in outstanding bonds in local or foreign currencies, according to the filin

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