Peru Lender Preps Local Bond Debut

Financiera Efectiva is scheduled to sell up to PES120m ($43m) today in its first issuance in Peru’s domestic bond market, according to people following the sale. The 4-year bonds come under a PES250m program, and will be used to diversify Efectiva’s funding sources. Credicorp is the bookrunner on the transaction, which is rated A+/A+ on a national scale. Owned by Grupo EFE, Financiera Efectiva provides credit for customers of EFEs retail stores.