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Peru Sets Petroperú Creditor Meetings for March After Disputed No-Show Reports

Authorities say February talks were reprogrammed through Bank of America to follow publication of the stabilization plan.

Overview

  • ProInversión announced a first working session with Petroperú bondholders on March 6 and a broader meeting on March 16 with more institutional investors.
  • Prime Minister Denisse Miralles rejected claims the government snubbed investors, said the date was agreed with them, and noted ProInversión leads outreach under the emergency decree.
  • The Economy Ministry said investor meetings are coordinated by ProInversión with Deloitte’s technical support and that the Feb. 12 session was rescheduled and communicated in advance.
  • Gestión reported, citing unnamed sources, that mid‑February meetings did not occur and that the episode hurt Peru’s image, a view echoed by opposition lawmaker Roberto Chiabra, who called the situation serious.
  • Reporting says Bank of America was engaged to organize the meetings and that five major bondholders and two large funds were invited, reportedly including PIMCO.