Peru’s Alicorp plans Peruvian sol-denominated 10-year notes

By Rebecca Melvin

New York, April 5 – Alicorp SAA is planning to price nuevo sol-denominated, 10-year senior unsecured notes (expected ratings: Ba3//BBB), according to market sources.

The proceeds will be used to repay the bridge financing of the recent acquisition of Intradevco for an equity value of $495 million.

Further details were not immediately available.

Based in Callao, Peru, Alicorp is a consumer goods company with operations in South America.

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