Mibanco sets up new debt shelf in Peru

Mibanco sets up new debt shelf in Peru

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Peru

Peruvian microlender Mibanco plans to raise up to PEN800 million ($204 million) through a new bond program in the local market after receiving board approval on Thursday, it said in a securities filing. Last week, Mibanco issued PEN58.5 million worth of negotiable certificates of deposit (NCDs). The 2023 notes carried a coupon of 7.90625% and priced at 92.673 after orders peaked at PEN131 million, the bank said in a separate filing. S&P Global Ratings downgraded Mibanco and four other lender

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