Pluspetrol to Tap Locals Today

Pluspetrol Lote 56, a unit of Peruvian oil company Pluspetrol, today will issue bonds denominated in USD and soles in 3 pieces. A first tranche for up to $30m will be due in 5 years, while Pluspetrol will also place up to $100m in a 10 year and a maximum of PES150m ($53m) at the same tenor. The second and third tranche combined may not surpass $100m, the company adds. While the first 2 tranches will have variable interest rates, the third will pay fixed rate. Credibolsa will lead the AAA rated issue, according to company information.