LatinNews Daily - 11 November 2021

In brief: Peru issues first social bond

* Peru has successfully issued €1bn (US$1.15bn) of “social bonds”, according to a statement by the economy and finance ministry (MEF). These will mature in 2036, with a coupon rate of 1.95%, and are Peru’s first ever social bonds. The MEF added that the funds raised from the bond auction will go towards social spending on supporting vulnerable groups; improving access to adequate housing, education, and essential health services; and supporting small-, micro-, and medium-sized businesses in order to reduce unemployment.

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