Cofide Retaps for $100m

Peru’s Cofide has returned to the DCM to raise $100m in a reopening of its 2022 bonds. The 4.750% coupon notes reopened at 111.25 to yield 3.138%, in line with 111.25-area guidance. Deutsche Bank and JPMorgan led the sale, which gives the Peruvian development bank a $500m outstanding size. Cofide originally priced the $400m 10-year in February at a 4.95% yield.