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Banco de Comercio gets regulatory approval for 60M soles bond program

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Banco de Comercio gets regulatory approval for 60M soles bond program

Banco de Comercio SA said Peruvian banking and insurance regulator SBS approved a subordinated bond program under which the bank can issue up to 60 million Peruvian soles of debt, or its equivalent in foreign currencies.

The bank's shareholders approved the 10-year program earlier in 2018.

As of July 27, US$1 was equivalent to 3.27 Peruvian soles.