By Aaron Hochman-Zimmerman
New York, March 26 - The Republic of Peru said it priced $1 billion of 10-year global bonds in line with talk at a spread of Treasuries plus 437.5 basis points late on Wednesday (Ba1/BBB-/BBB-).
The bonds were sold at 99.5 with a coupon of 7 1/8% to yield 7.196%.
Goldman Sachs and JPMorgan acted as bookrunners for the off-the-shelf deal.
Proceeds will be used to replenish over $500 million from the national treasury and to retire outstanding debt.
Issuer: Republic of Peru
Issue: Global bonds
| Amount: | $1 billion
|
| Maturity: | March 30, 2019
|
| Coupon: | 7 1/8%
|
| Price: | 99.5
|
| Yield: | 7.196%
|
| Spread: | Treasuries plus 437.5 bps
|
| Bookrunners: | Goldman Sachs, JPMorgan
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Distribution: | Off shelf
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Price talk: | Treasuries plus 437.5 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
