Peru Wants to Issue Century Bonds Only a Few Days After Political Turmoil

Peru is returning to the debt market with a three-part sale, including 100-year notes, just days after a political crisis that led to three presidents in two weeks.

RIO DE JANEIRO, BRAZIL - Peru is preparing a century bond in dollars after authorizing the issuance of debt of up to US$4 (R$21.6) billion to help rein in the country’s coronavirus outbreak and soften its economic impact, the government and market sources said on Monday, November 23rd.

Refinitiv’s IFR financial service reported earlier that the world’s No. 2 copper producer is preparing to issue new dollar debt in three tranches, which will include the 100-year bond.

The sale is a test of investor confidence in a nation that wasSubscribe to our Premium Membership Plan. Already Subscribed?