By Reshmi Basu
New York, Dec. 12 - The Republic of Peru reopened its 7.35% bonds due July 21, 2025 (Ba3/BB/BB) to add $500 million, a market source said.
The reopening priced at 101.027 to yield 7¼%.
The total size of the bond issue is now $1.25 billion.
Citigruup was the bookrunner.
The proceeds will be used to repay debt to Japan Peru Oil Co.
On July 13, the country sold $750 million of the bonds at par to yield 7.35%.
| Issuer: | Republic of Peru
|
| Issue: | Reopening of bonds due 2025
|
| Total amount: | $1.25 billion
|
| Amount: | $500 million
|
| Maturity: | July 21, 2025
|
| Coupon: | 7.35%
|
| Issue price: | 101.027
|
| Yield: | 7¼%
|
| Spread: | Treasuries plus 251.9 basis points
|
| Pricing date: | Dec. 12
|
| Settlement date: | Dec. 15
|
| Bookrunners: | Citigroup
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB
|
| Fitch: BB
|
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