By Sarah Lizee
Olympia, Wash., June 14 – Peru priced $750 million global bonds due June 20, 2030 at par to yield 2.844%, according to an FWP filing with the Securities and Exchange Commission.
HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and Scotia Capital (USA) Inc. were the bookrunners for the bonds (A3/BBB+/BBB+).
The republic said it plans to use the proceeds from the bond, as well as from recently priced 5.4% bonos soberanos due 2034, to finance a liability management transaction and to pre-finance a portion of its general requirements for fiscal year 2020.
| Issuer: | Peru
|
| Amount: | $750 million
|
| Maturity: | June 20, 2030
|
| Description: | Global bonds
|
| Bookrunners: | HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and Scotia Capital (USA) Inc.
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| Coupon: | 2.844%
|
| Price: | Par
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| Yield: | 2.844%
|
| Spread: | Treasuries plus 75 bps
|
| Settlement date: | June 20
|
| Expected ratings: | Moody's: A3
|
| S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | SEC registered
|
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