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LatinNews Daily - 25 November 2020
In brief: Peru issues new debt, including century bond
* The Peruvian government has successfully issued US$4bn worth of US dollar-denominated debt in three tranches: US$1bn of 12-year bonds maturing in 2032, US$2bn worth of debt maturing in 2060, and US$1bn of a rare century bond, maturing in 2121 – the first time that Peru has issued such a long bond. The Peruvian government has noted that the debt will be used to finance costs related to the response to the coronavirus (Covid-19) pandemic and economic reactivation. “The bond issues show that investors trust the country’s sound economic policy and government leadership”, Finance & Economy Minister Waldo Mendoza said. The bonds were successfully placed despite recent political and social turmoil in the country, with Peru having had three presidents in the last fortnight.
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