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Peru's Banco de Comercio issues 10-year subordinated bonds worth 4.5M soles

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Peru's Banco de Comercio issues 10-year subordinated bonds worth 4.5M soles

Peru'sBanco de Comercio SAon July 20 issued 10-year subordinated bonds worth 4.5 million soles at anominal annual interest rate of 12.5%, the bank said.

Theissuance was comprised of nine bonds worth 500,000 soles each.

Thebonds are part of the bank's third subordinated bond issuance.

As of July 20, US$1 was worth3.30 Peruvian soles.