BCP Preps Local Issue

Banco de Credito del Peru plans to issue up to PES100m ($38m) today in the domestic bond market, it says, with the ability to upsize the issuance to as much as PES200m. The 2022 bonds would represent the tenth issuance under a PES1.8bn program. Orders opened Monday for the deal, managed by BCP unit Credibolsa and rated AAA/AAA on a national scale. In October, BCP sold PES200m ($77m) in domestic bonds, with the 2022 pricing at par with a 5.5% coupon.