By Reshmi Basu and Paul A. Harris
New York, Jan. 27 - The Republic of Peru raised $400 million through the reopening of its global bonds due November 2033 (Ba3/BB/BB), according to market sources.
The retap priced at 106¾ with an 8¾% coupon to yield 8.137%.
Morgan Stanley and Deutsche Bank managed the sale.
Proceeds will be used for Peru's 2005 fiscal funding needs.
In November 2003, Peru sold $500 million of the 2033 bonds at 99.10 to yield 8.84%.
| Issuer: | Republic of Peru
|
| Amount: | $400 million
|
| Total amount: | $900 million
|
| Issue: | Reopening of global bonds due 2033
|
| Maturity: | Nov. 21, 2033
|
| Coupon: | 8¾%
|
| Issue price: | 106¾
|
| Yield: | 8.137%
|
| Spread: | 346 basis points
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 3
|
| Managers: | Morgan Stanley, Deutsche Bank
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB
|
| Fitch: BB
|
|
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