June 29, 2020 |
Banco de Crédito de Perú (BCP) raised $850 million on Friday, issuing new debt to repurchase its 6.675% 2026 and 6.125% 2027 notes, sources told LatinFinance.
With Bank of America, Citi and JPMorgan as bookrunners, the Lima-based lender priced the 10-year non-call five notes at a discount of 99.254 with a coupon of 3.125% to yield 3.288%, or 300 basis points over US treasury notes, said two sources who participated in the deal.
The company opened the deal with the initial price talk around 350 b
Peruvian bank raises $850 mln to repurchase 2026 and 2027 notes