Credicorp sets benchmark in bond market

Credicorp sets benchmark in bond market

Bonds Debt Capital Markets Fixed Income Peru Andean United States

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

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