Peru’s Interbank Launches $200m Loan

Interbank, the Peruvian retail bank, is out with a $200m 3-year amortizing loan via Standard Chartered. The deal, now being shopped to MLAs, offers Libor plus 80bp in year one, 85bp in year two and 95bp in year three. Interbank is rated BB, and follows Banco de Credito del Peru, which recently raised $410m, upsized from $300m, at 70bp, 75bp and 85bp over Libor with the same structure. BCP was flexed up by 20bp from levels established last year prior to launch in early January.