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Banco de Credito del Peru offers 10.5-year subordinated notes
By Rebecca Melvin and Cristal Cody
New York, March 23 – Banco de Credito del Peru plans to price an offering of 10.5-year subordinated notes (Baa3/BBB), according to a market source and rating agency releases.
The notes are non-callable for 5.5 years.
BofA, Credicorp and JPMorgan are the bookrunners.
The issuance is part of the lender’s offer to purchase its outstanding notes due 2026 and 2027, according to a rating agency.
The bank is based in Lima, Peru.
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