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LatinNews Daily - 04 March 2021

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In brief: Peru contracts more debt

*Peru’s economy & finance ministry (MEF) has announced that it has successfully placed US$4bn worth of sovereign bonds in international markets. A MEF statement said that it issued two new sets of US dollar-denominated bonds maturing in 2041 and 2051 and reopened the issue of its Bono Global 2031 maturing in 2031. According to the statement, the 2041 bond offered a coupon rate of 3.3%; the 2051 bond a coupon a rate of 3.55%; and the Bono Global a rate of 2.74%. The MEF said that the funds raised will be used to finance the 2021 national budget. Highlighting that combined demand for the bonds exceeded US$10bn, with over 200 international investors taking part, the MEF described the operation as successful despite “the highly volatile [international] financial environment”, derived from the uncertainty produced by the coronavirus (Covid-19) pandemic.