By Christine Van Dusen
Atlanta, Feb. 5 – Intercorp Peru Ltd. sold $250 million of 5 7/8% notes due Feb. 12, 2025 (Ba2/BB/BBB-) at 99.441 to yield 5.95%, a market source said.
The notes priced tighter than talk for a yield in the 6¼% area.
Citigroup and Credit Suisse were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used primarily to refinance debt.
Intercorp is a Lima, Peru-based financial services company.
| Issuer: | Intercorp Peru Ltd.
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| Amount: | $250 million
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| Maturity: | Feb. 12, 2025
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| Description: | Notes
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| Bookrunners: | Citigroup, Credit Suisse
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| Coupon: | 5 7/8%
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| Price: | 99.441
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| Yield: | 5.95%
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| Trade date: | Feb. 4
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| Settlement date: | Feb. 12
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| Ratings: | Moody’s: Ba2
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| Standard & Poor’s: BB
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| Fitch: BBB-
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| Distribution: | Rule 144A/Regulation S
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| Price talk: | 6¼% area
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