Copeinca Sets Nets at Mid-Nines

Peru’s Corporacion Pesquera Inca (Copeinca) is out with 9.5% area guidance on a new bond that is expected to price as soon as today at a size of $150m. The order book on the 7-year NC4 deal is heard oversubscribed, according to investors following it. The exporter of fishmeal and fish oil plans to use proceeds from the BB minus transaction to repay debt. Credit Suisse and Santander are managing the sale.