Peruvian Preps DCM Debut

Peru’s Maestro is heard preparing what would be its debut sale in the international bond markets, and hiring Bank of America Merrill Lynch and JPMorgan for the transaction. Additional details of the hardware and home improvement retailer’s deal are unclear, though recent first-timers of its size from Peru have generally raised up to $500m at up to 10 years. Created in 1993, Meastro operates approximately 20 stores, mostly in Lima but with an expansion plan for other parts of the country.