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Peru's Cofide to issue 10-year bonds worth up to 150M soles

Peru'sCorporación Financiera deDesarrollo SA, or Cofide, plans to auction 10-year bonds worth upto 50 million Peruvian soles, though the offering is expandable to 150 millionsoles, the bank said Oct. 4.

Thebonds, which will be issued Oct. 6, will pay a fixed annual interest rate.

Cofide will act as the placing agent for the issuance.

Theissuance is part of the bank's fourth debt instruments program for up to US$400million or its equivalent in soles.

As of Oct. 3, US$1 wasequivalent to 3.83 Peruvian soles.