By Christine Van Dusen
Atlanta, Sept. 10 - Banco de Credito del Peru released details on its pricing of $800 million 5 3/8% notes due Sept. 16, 2020 to yield Treasuries plus 265 basis points, a market source said Friday.
Bank of America Merrill Lynch and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal, which was talked at the Treasuries plus 275 bps area.
Proceeds will be used to finance the bank's lending activities, as well as other corporate uses, the company said.
Banco de Credito del Peru is a lender based in Lima, Peru.
| Issuer: | Banco de Credito del Peru
|
| Amount: | $800 million
|
| Maturity: | Sept. 16, 2020
|
| Description: | Senior unsecured notes
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank
|
| Coupon: | 5 3/8%
|
| Price: | 99.763
|
| Spread: | Treasuries plus 265 bps
|
| Trade date: | Sept. 9
|
| Settlement date: | Sept. 16
|
| Expected ratings: | Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 275 bps area
|
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