By Christine Van Dusen
Atlanta, Oct. 30 – Peru priced a two-tranche issue of sol- and dollar-denominated notes due in 2024 and 2050 on Thursday, a market source said.
The deal included S./ 3.25 billion notes due August 2024 that priced to yield 5¾%. The notes were initially talked at a yield in the 6% area before guidance was tightened to the 5 7/8% area.
Other pricing details for the tranche were not immediately available on Thursday afternoon.
The $500 million tap of the sovereign’s 5 5/8% notes due 2050 priced at 112.208 to yield 4.9%, or Treasuries plus 185 bps. The notes priced at the tight end of talk, which was in the 190 bps area.
BBVA, BofA Merrill Lynch and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general budgetary purposes.
| Issuer: | Peru
|
| Amount: | S/. 3.25 billion and $500 million
|
| Description: | Senior notes
|
| Bookrunners: | BBVA, BofA Merrill Lynch, Morgan Stanley
|
| Trade date: | Oct. 30
|
| Settlement date: | Nov. 7
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Nuevo soles notes
|
| Amount: | S/. 3.25 billion
|
| Maturity: | August 2024
|
| Yield: | 5¾%
|
| Price talk: | 5 7/8% area
|
|
|
| Dollar add-on notes
|
| Amount: | $500 million
|
| Maturity: | 2050
|
| Coupon: | 5 5/8%
|
| Price: | 112.208
|
| Yield: | 4.9%
|
| Spread: | Treasuries plus 185 bps
|
| Price talk: | Treasuries plus 190 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
