Peruvian issuers look overseas to flee weak native market
By Oliver West
Dec 17, 2020
After a scorching yr, the Peruvian home bond market is seeing a slight restoration this month. However with native pension funds nonetheless not providing pre-crisis funding ranges to company debtors, DCM bankers consider Peruvian corporations could look extra to worldwide funding markets in 2021.
Underneath regular circumstances, a two-tranche nuevo sol bond problem of 296 million sl ($ 82.64 million) from Electro Dunas, a Peruvian utility owned by the Colombian group Grupo Energía de Bogotá (GEB), wouldn’t have was significantly outstanding. The subsidiaries of GEB, majority owned by the district of Bogotá, fund usually