By Christine Van Dusen
Atlanta, Oct. 27 – Peru priced €1 billion of 2¾% global bonds due Jan. 30, 2026 (expected ratings: A3/BBB+/BBB+) at 99.998 to yield mid-swaps plus 190 basis points, according to a filing from the sovereign.
BBVA, BNP Paribas and JPMorgan were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general governmental purposes, including financial investment and refinancing, repurchasing or retiring its domestic and external indebtedness, according to a filing from the sovereign.
“Peru may also issue securities offered by this prospectus in exchange for any of its outstanding securities,” according to the filing.
| Issuer: | Peru
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| Amount: | €1.1 billion
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| Maturity: | Jan. 30, 2026
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| Description: | Global bonds
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| Bookrunners: | BBVA, BNP Paribas, JPMorgan
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| Coupon: | 2¾%
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| Price: | 99.998
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| Yield: | 2.751%
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| Spread: | Mid-swaps plus 190 bps
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| Trade date: | Oct. 27
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| Settlement date: | Nov. 3 (short first coupon)
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| Ratings: | Moody’s: A3
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| Standard & Poor’s: BBB+
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| Fitch: BBB+
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| Distribution: | Securities and Exchange Commission registered
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