October 29, 2021. Lima, Peru.-Yesterday, the Government made its first placement of global bonds in international markets for a total of US$ 4,000 million.
The operation included three stages. Thus, bonds maturing in 12-year (2034) were sold for US$ 2,250 million at an interest rate of 3.08%. Another $1 billion maturing in 50-year (2072) were also issued at a yield of 3.77%.
Likewise, bonds maturing in 30-year bonds (2051) were reopened, of which another US$ 750 million were placed at a yield rate of 3.47%.
"The rates obtained are low and are in line with what Peru usually pays in international markets," Alex Contreras, deputy minister of economy, told to Gestión.
He stressed that the demand (more than US$ 10,000 million) for Peruvian papers was 2.5 times the offer, despite the uncertain international context due to the upcoming announcement of the adjustment of the Fed's monetary policy and the recent downgrades of the country. Of US$ 4 billion, 70% was acquired by investors from the U.S. and Latin America, and the rest by participants from Eastern Europe and Africa, he said.
Contreras said that the bonds to 2034 and 2072 are sustainable. For the first time, Peru placed sustainable bonds, joining other countries in the region that have already done so, he said.
The resources raised through the operation will finance a large part of next year's budget, including expenditure on social and environmental objectives.
The MEF does not rule out new bond issues in 2022. " It will depend on how how tax collection goes and how the economy evolves," Contreras said.