Interbank places cross-border bonds

Interbank places cross-border bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Peru

Peruvian lender Interbank issued $300 million worth of 10-year non-call five notes on Tuesday in a bond sale that was 2.5 times oversubscribed, a source involved in the deal told LatinFinance. Working with Bank of America and JPMorgan as lead bookrunners, Interbank priced the new 2030 bonds at par to yield 4%, the source said. The Peruvian lender started with initial price talk in the 4.375% area. It then put guidance at 4.125% and launched the deal at 4%, according to the source. S&P Global

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