Despite Political Turmoil, Peru Joins Group of Countries Issuing Debt Maturing in 100 Years

Austria, Mexico and Argentina are among other countries to have issued century bonds in the past. Peru has been one of Latin America’s fastest-growing economies this century.

RIO DE JANEIRO, BRAZIL - Peru has joined a select group of countries issuing debt that matures in 100 years, as investors looked beyond the acute political crisis that has engulfed the country in recent weeks.

In a positive comment on the South American nation, the Financial Times writes that Peru launched the sale of US$1 billion of century bonds, in addition to US$2 billion of notes set to mature in 2060 and another US$1 billion of 12-year bonds. The sale comes after some of the most turbulent weeks in Peru’s political history.

The country has . . .

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