Home / Daily Briefs / 2023 / 25 / Luz del Sur, Banco Ripley to tap Peruvian bond market

Luz del Sur, Banco Ripley to tap Peruvian bond market

Luz del Sur, Banco Ripley to tap Peruvian bond market

May 25, 2023 | Hernán Goicochea
Power company aim to raise $27 mln as the consumer lender goes for $14 mln

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets China Chile

Peruvian power company Luz del Sur and consumer lender Banco Ripley are set to become the latest companies to tap the local bond market this week, looking to raise PEN150 million ($40.7 million) combined. Luz del Sur plans to issue up to PEN100 million in one-year notes on Thursday as part of a PEN400 million program, the company said in a prospectus on Monday. The company, a unit of China Three Georges, sold PEN120 million worth of 8.21875% 2024 notes in March in the first issue in the program

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