Jun 18, 2024
Peru Launches Debt Buyback, Plans Sol-Denominated Bonds
Bloomberg News
,![<p>The Government Palace in Lima, Peru.</p>, Bloomberg <p>The Government Palace in Lima, Peru.</p>](/polopoly_fs/1.2086609.1718748312!/fileimage/httpImage/image.jpg_gen/derivatives/landscape_620/p-the-government-palace-in-lima-peru-p.jpg)
(Bloomberg) -- Peru launched an offer to swap or buy back nearly a dozen bonds as part of a plan that includes returning to debt markets to sell local-currency notes.
The South American nation said on Tuesday that it would offer to exchange several sol-denominated notes for new debt and, separately, repurchase euro- and dollar bonds due between 2025 and 2031. The government said the new sol-denominated notes would include global depositary notes.
The offers expire on June 25 at 8 a.m. in New York. Banco Santander Peru is the local market maker for the local currency deal, according to the statement.
Peru’s hard-currency debt has handed investors losses of 2.5% this year, the worst performance among Latin America government bonds after Colombia, according to data compiled by Bloomberg.
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