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Peru's Cofide issues bonds worth 300M soles

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Peru's Cofide issues bonds worth 300M soles

Peru's Corporación Financiera de Desarrollo SA, or Cofide, on Dec. 19 placed 30-year bonds worth 300 million Peruvian soles, the bank said in a regulatory filing.

The bonds will pay a fixed annual interest rate of about 7.84%. Demand for the offering reached 603.3 million soles.

The issuance is part of the bank's fourth debt instruments program for up to US$400 million or its equivalent in soles.

As of Dec. 20, US$1 was equivalent to 3.41 Peruvian soles.