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Banco Agropecuario places 25M soles in short-term instruments

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Banco Agropecuario places 25M soles in short-term instruments

placed 25 million Peruviansoles in short-term instruments, the bank said May 5.

The instrumentshave a one-year term and yield at a rate of 7.25%. They obtained a total demandof 48 million soles, or almost 2x the final placement.

The issuanceis the second in the bank's 200 million soles program, which was started eight monthsago.

As of May 6, US$1 was equivalent to 3.33 Peruviansoles.