Peru Whips Out $5bn Shelf

Peru has filed a shelf with the SEC to sell up to $5bn in debt securities. No details were given as to the first issuance from the program. The Baa3/BBB minus rated sovereign flied a similar $5bn shelf in January 2009, and went on to issue $2bn in the dollar markets last year. Peru sold $1bn in 7.125% of 2019 bonds to yield 7.196% in March through Goldman Sachs and JPMorgan. In July, the sovereign reopened $1bn in 7.350% of 2025s to yield 6.950% through JPMorgan and UBS.