Peru to auction S/. 700 million of 15-year bonds Friday

By Reshmi Basu

New York, July 14 - The Ministry of Finance of Peru plans to sell S/. 700 million of 15-year bonds via a Dutch auction on Friday, according to a market source.

The government will conduct two auctions. A second auction for S/. 350 million will follow immediately after the first auction for the same size clears.

The bonds will mature on Aug. 12, 2020.

Proceeds from the sale will be used to prepay Paris Club debt.

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