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Banco Santander Perú approves issuance of debt securities, dividend payment

Shareholders of Banco Santander Perú SA have approved the issuance of debt securities in the local market for up to $200 million, or its equivalent in the local currency.

The debt instruments to be issued may either be financial leasing bonds, corporate bonds or short-term instruments of a different nature, the bank said in a March 31 filing. The board will later determine the conditions and characteristics of the bonds to be issued under the program.

Separately, the board decided to distribute dividends worth a total of about 31.0 million Peruvian soles, which corresponds to 50% of the bank's earnings in 2016. The amount is equivalent to about 6.98 céntimos per share.

As of April 4, US$1 was equivalent to 3.26 Peruvian soles.