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Peru reopening 7.35% bonds due 2025 for $1 billion; 6.95% yield seen
By Aaron Hochman-Zimmerman
New York, July 6 - Peru was close to finalizing a $1 billion reopening of its 7.35% bonds (Ba1/BBB-/BBB-) due 2025 late Monday, according to a market source.
A yield of 6.95% and a price of 103.3 were likely.
JPMorgan and UBS are bookrunners for the registered deal.
Proceeds from the sale will be used to repay Paris Club debt.
The original $750 million issue of the bonds was priced at par on July 13, 2005 and reopened at $500 million on Dec. 12, 2005 at a price of 101.027..
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