* Peru’s economy & finance minister,
María Antonieta Alva, has announced the success of an international bond placement operation for PEN10.2bn (US$3bn), having registered a demand that exceeded PEN22bn. According to
Alva, the operation has confirmed investor confidence in the strength of Peru’s macroeconomic and fiscal indicators and the extent of development within the country’s public debt market. She explained that the bonds would be orientated towards external debt with the goal of strengthening the Peruvian economy under the current complex international climate. The operation features historically low rates, as for example the 2040 sovereign bond, set at approximately PEN18.6bn, has a yield rate of 5.35%.
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