July 25, 2022 |
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
Peruvian micro lender aims to raise up to $204 mln as development bank Cofide also plans to come to the local bond market