By Reshmi Basu
New York, Dec. 9 - The Republic of Peru sold $238 million in local-currency denominated bonds to repay debt, according to a market source.
The bonds due Aug. 12, 2020 were priced to yield 8.15%.
On Dec. 2, Peru said it would issue $832 million of bonds in local and external markets before the close of the year to repay debt owed to Japan Peru Oil Corp.
The country is expected to tap capital markets before the close of the year.
| Issuer: | Republic of Peru
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| Amount: | $238 million equivalent
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| Issue: | Local-currency denominated bonds
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| Maturity: | Aug. 12, 2020
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| Yield: | 8.15%
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| Pricing date: | Dec. 9
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