Peru To Tap Local Currency Bonds

Peru planned to reopen two of its sol-denominated issues on Monday, hoping to raise $75 million (240 million soles) from the sale of local-currency paper – 180 million soles in 2026s and 60 million soles in 2046s. The sovereign last tapped its 2026 issue, which carries a coupon of 8.20%, in March. Then it raised $62.8 million (200 million soles) of the domestic paper, selling above par to yield 6.30%. The inflation-indexed 2046 paper carries a 3.63% coupon. The government is authorized to sell up to 2.33 billion soles of local-currency paper this year.