By Christine Van Dusen
Atlanta, Feb. 23 – Peru priced €1 billion 3¾% notes due March 1, 2030 at 99.753 to yield 3.773%, or mid-swaps plus 295 basis points, according to a syndicate source.
The notes (expected ratings: A3/BBB+/BBB+) were talked at a spread of 295 bps to 300 bps.
BBVA, BNP Paribas and HSBC were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used to pre-finance a portion of the general financial requirements for the year 2017, according to a filing from the sovereign.
| Issuer: | Peru
|
| Amount: | €1 billion
|
| Maturity: | March 1, 2030
|
| Description: | Notes
|
| Bookrunners: | BBVA, BNP Paribas, HSBC
|
| Coupon: | 3¾%
|
| Price: | 99.753
|
| Yield: | 3.773%
|
| Spread: | Mid-swaps plus 295 bps
|
| Trade date: | Feb. 23
|
| Settlement date: | March 1
|
| Expected ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
| Distribution: | SEC registered
|
| Price talk: | Mid-swaps plus 295 bps to 300 bps
|
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