Peru carries out successful bond auction

19:28 | Lima, Oct. 15.

After five months, Peru's Ministry of Economy and Finance (MEF) has successfully returned to the domestic capital market, placing sovereign bonds for a total amount of S/170 million (around US$43 million) on said market.

Said placement was carried out in the presence of lower volatility and uncertainty, by announcing the sale of 2029E and 2032 sovereign bonds, for a reference amount of S/50 million (US$12.6 million) and a maximum amount of S/100 million (US$25.3 million) for each debt security.

The auction —carried out on Thursday within the framework of the Market Makers Program— was well received, and this was evidenced in the strong demand, which reached a total amount of S/1.547 billion (US$391 million). 

The 2029E Bond attracted demand of S/710 million (US$179 million), out of which S/70 million (US$17.7 million) was awarded at a return rate of 5.26%.

On the other hand, the 2032 Bond saw a demand of S/837 million (US$211 million), out of which 100 million (US$25.3 million) was awarded at a return rate of 5.80%. 

It is worth noting that the amount placed is intended to obtain resources that will be allocated to the financing of public investment projects —which are currently being implemented— under the responsibility of the National Government, as well as regional and local governments.


Published: 10/15/2021
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