Banco Ripley Perú SA on Dec. 13 plans to auction 359-day negotiable bonds worth up to 30 million Peruvian soles, expandable to 50 million soles, the bank said in a regulatory filing.

The Series H bonds will be issued Dec. 14 and will have a price below par.

Credicorp Capital Servicios Financieros will structure the issuance, while Credicorp Capital Sociedad Agente de Bolsa will act as placing agent.

The bonds will be part of the first issuance under the bank's fourth negotiable bonds program for up to 200 million soles, which was updated through the publication of a new prospectus Dec. 9.

As of Dec. 8, US$1 was equivalent to 3.40 Peruvian soles.