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Banco de Crédito del Perú issues 1st-ever yen bond in Japanese market

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Banco de Crédito del Perú issues 1st-ever yen bond in Japanese market

Banco de Crédito del Perú placed ¥5.00 billion worth of bonds in the Japanese market last week, SEMANAeconómica reported, citing bank executive Pablo Hurtado.

It is the second bond sale in the Asian country but the first one to be denominated in yen by any Peruvian financial entity.

The Lima-based bank launched its first bond sale in Japan, worth US$70 million, in January.

As of Aug. 5, US$1 was equivalent to ¥106.13.