Overview
- LatinFinance named Peru’s June 2025 2035-maturity soles benchmark the Sovereign Local Currency Deal of the Year at its 2025 Deals of the Year Awards, as announced by the MEF on Jan. 31, 2026.
- The transaction drew peak orders above S/14,000 million and placed S/10,000 million at a 6.85% coupon, ranking as Peru’s second-largest local issuance with one of the tightest yields since November 2019.
- Allocation was 59% to international investors and 41% to domestic buyers, enabling a larger size on competitive terms.
- The deal formed part of an integrated liability-management program that included local buybacks and exchanges followed by an external operation involving dollar- and euro-denominated bonds.
- Outcomes included extending average public-debt life from 13.1 to 15.5 years and lifting the local-currency share from 53.6% to 54.6%, easing short-term service pressures and covering part of FY2025 financing needs.