Peru Raises $113 Million From Local-currency Taps

Peru raised $113 million (360 million soles) from the tap of two of its local-currency bonds. The finance ministry said it sold 270 million soles in 2026s to yield 6.14% and 90 million soles in 2046s to yield 3.25%. Demand for the paper was 448 million soles and 274 million soles, respectively. 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.