July 17, 2020 |
BBVA Perú, the Peruvian subsidiary of Spanish bank BBVA, has drafted a new $600 million bond program that could last up to 15 years, according to a securities filing from Wednesday.
The bank's board has endorsed the debt shelf, but the program still requires approval from Peru's banking and insurance regulator SBS, BBVA said.
Fitch Ratings affirmed its BBB+ ratings for BBVA Perú in April, but it lowered the outlook to negative from stable on increased risks from the economic fallout from the COV
Spanish bank's local subsidiary sets up a new debt shelf for $600 mln over 15 years