Peru's Intercorp Retail sets price guidance at 8 7/8% area for $300 million seven-year notes

By Christine Van Dusen

Atlanta, Nov. 7 - Peru's Intercorp Retail Trustee set price talk for its $300 million offering of seven-year notes (B1//BB-) at the 8 7/8% area, a market source said Monday.

Bank of America Merrill Lynch and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.

The notes are non-callable for four years.

Proceeds will be used to purchase a participation in a loan agreement and make senior loans.

The notes are guaranteed by Intercorp Retail, a member of the Lima-based IFH Peru Ltd. group of companies, which focus on financial and commercial support services.

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