Bank Bonds on Tap

Peru’s BCP is expected to price a $500m plus 2020 bond this week, after the conclusion of investor meetings today. The BBB/BBB minus Peruvian bank is visiting the US and UK with Bank of America Merrill Lynch and Deutsche Bank. Also on the road through today is Brazil’s BNDES development bank, officially on “non-deal” meetings in Europe, though investors expect a EUR-denominated debut. BNP Paribas, Credit Suisse, and Deutsche Bank are managing it. BNDES is rated BBB minus.