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Banco de Comercio redeems 20M soles of subordinated bonds

Banco de Comercio SA said it redeemed 20 million Peruvian soles of debt tied to its first subordinated bond issuance.

In a Jan. 20 filing, the bank said it will also pay the correspondent amount of interest related to the issuance.

As of Jan. 20, US$1 was equivalent to 3.30 Peruvian soles.