BCP, Compatriots Ready MT100

Banco de Credito del Peru is preparing a private placement of $150m in 2015 bonds backed by future payment receivables. The transaction is expected by mid-July. BCP has about $880m in MT100 notes outstanding. Wachovia and Standard Chartered are managing the sale. Separately, BBVA Continental is readying its first MT100 issue, a $200m private placement via Sumitomo Mitsui. Interbank is meanwhile planning a $150m issue through Credit Suisse, expected to have a tenor of around 5 years.