Copeinca Fishes for 9s

Early price expectations for a debut bond from Peru’s Corporacion Pesquera Inca (Copeinca) are in the mid to high 9%s, according to investors. The fishmeal and fish oil producer is expected to bring a $150m 7-year deal in the middle of next week, following a US, Asian and European road show. Copeinca plans to use proceeds from the BB minus transaction to repay debt. Credit Suisse and Santander are managing the sale.