By Aaron Hochman-Zimmerman
New York, July 20 - The Republic of Peru sold 4.75 billion nuevo sol of 30-year bonds (Baa3/BBB-/BBB-) at par with a coupon of 6.9%, according to a market source.
The final deal amount was raised to 4.75 billion nuevo sol from 3.2 billion nuevo sol and priced on top of talk in the 6.9% area.
Citigroup was the bookrunner for the Rule 144A and Regulation S deal.
Proceeds from the sale will be used to fund a pre-payment of Paris Club debt.
| Issuer: | Republic of Peru
|
| Amount: | 4.75 billion nuevo sol
|
| Issue: | 30-year notes
|
| Maturity: | 2037
|
| Coupon: | 6.9%
|
| Price: | Par
|
| Yield: | 6.9%
|
| Bookrunner: | Citigroup
|
| Pricing date: | July 19
|
| Settlement date: | July 26
|
| Distribution: | Rule 144A, Regulation S
|
| Rating: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
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