Published on 9/30/2010 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.
New Issue: Peru's Interbank sells $400 million 5¾% notes due 2020 at 325 bps over Treasuries
By Christine Van Dusen
Atlanta, Sept. 30 - Peru's Banco Internacional del Peru SAA (Interbank) priced $400 million 5¾% notes due Oct. 7, 2020 (Ba3//BBB-) at 99.82 to yield 5.774%, or Treasuries plus 325 basis points, a market source said.
Bank of America Merrill Lynch and JPMorgan were the bookrunners for the Rule 144A and Regulation S transaction.
Interbank is a financial institution based in Lima, Peru.
| Issuer: | Banco Internacional del Peru SAA
|
| Amount: | $400 million
|
| Maturity: | Oct. 7, 2020
|
| Description: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, JPMorgan
|
| Coupon: | 5¾%
|
| Price: | 99.82
|
| Yield: | 5.774%
|
| Spread: | Treasuries plus 325 bps
|
| Trade date: | Sept. 30
|
| Settlement date: | Oct. 7
|
| Ratings: | Moody's: Ba3
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
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