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Banco Ripley Perú to issue CDs worth up to 200M soles

Banco Ripley Perú SA plans to auction certificates of deposit worth up to 200 million Peruvian soles or its equivalent in U.S. dollars, the company said in a securities filing.

Date of issuance and placement as well as interest rates are still to be determined, the statement noted. The duration will be up to 12 months.

The bonds will be part of the bank's fourth certificates of deposit program, which was updated through the publication of a new prospectus. The program will be valid for six years.

Banco Ripley Perú is a part of Grupo Ripley, which operates retail outlets in Peru and Chile and offers financial services including credit cards, lending, insurance and banking.

As of Aug. 2, US$1 was equivalent to 3.24 Peruvian soles.