Peru taps two bookrunners for dollar-denominated bonds, roadshow

By Christine Van Dusen

Atlanta, Nov. 8 - The Republic of Peru has mandated Bank of America Merrill Lynch and Morgan Stanley for a dollar-denominated offering of bonds, a market source said Monday.

A roadshow for the Securities and Exchange Commission-registered deal ends this week.

Proceeds will be used to reimburse Peru's Public Treasury about $63 million in connection with the financing and tender offer of global bonds from April and to pre-finance a portion of the general financial requirements for the year 2011.

Concurrently, the sovereign is offering sol-denominated bonds in a Rule 144A and Regulation S transaction, according to a 424B5 filing with the SEC.

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