By Reshmi Basu
New York, Oct. 6 - The Republic of Peru priced an upsized €650 million issue of 10-year bonds (Ba3/BB) Wednesday at 99.658 with a 7½% coupon to yield 7.55%, according to a market source.
The deal, increased from €500 million, came at the tighter end of price guidance. Guidance had been set at 7½% to 7 5/8%.
Proceeds will be used to finance 2005 capital expenditures.
JP Morgan was the bookrunner for the registered deal.
| Issuer: | Republic of Peru
|
| Amount: | €650 million
|
| Issue: | Bonds
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| Maturity: | Oct. 14, 2014
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| Coupon: | 7½%
|
| Issue price: | 99.658
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| Yield: | 7.55%
|
| Spread: | 355 basis points over German governments
|
| Pricing date: | Oct. 6
|
| Settlement date: | Oct. 14
|
| Bookrunner: | JP Morgan
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB
|
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