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

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