Peru To Finalize Exchange Today

Peru is set to price today, Thursday, its retap of the 2016 and new 2033 bonds, which are being issued in exchange for a 2012 Global and two classes of Brady bonds. The country’s biggest ever liability management exercise aims to retire $4 billion in outstanding paper. Bids are due at 9am and pricing will be announced at 3pm, according to bankers close to the deal. Citi and Deutsche Bank are the leads.