June 11, 2020 |
Peruvian financial services company Credicorp set a benchmark in the cross-border bond market on Wednesday, selling $500 million worth of five-year notes at less than 3% after orders came to $4.25 billion, according to sources involved in the deal.
Working with JPMorgan, Goldman Sachs and Bank of America as bookrunners, Credicorp priced the 2025 bonds at 99.459 with a coupon of 2.75% to yield 2.867%, or 250 basis points over US Treasury bonds, one source said.
The financial services firm started
Peruvian financial services company raises $500 mln from the sale of five-year notes