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Peru's Banco Interamericano de Finanzas places 98.0M soles in bonds

Banco Interamericano de Finanzas SA on Oct. 22 placed 98.0 million Peruvian soles' worth of 10-year bonds in an oversubscribed Dutch auction.

The debt carries a fixed interest rate at 5.90625%, payable every six months, and will mature in October 2029.

Banco Interamericano de Finanzas, which had aimed to sell up to 100 million soles of the bonds, said that demand reached 140.1 million soles.

Cavali SA ICLV served as liquidation agent on the issuance. The company previously listed Credicorp Capital Servicios Financieros SA as the structuring entity for the bond and Credicorp Capital Sociedad Agente de Bolsa SA as the placement agent.

As of Oct. 22. US$1 was equivalent to 3.34 Peruvian soles.