The Ministry of Economy and Finance (MEF) announced the placement in the international market of the first social bonus in euros with a new 15-year reference, maturing in 2036, for a total of 1 billion, at a coupon rate of 1.95%.
According to MEF, the issuance of bonds in euros managed to capture a demand of more than 2,000 million, with the participation of more than 120 investors with high-quality accounts from Europe (80%), America (14%), Asia (2%) and other regions (4%), which made it possible to reduce the initial reference rate by 25 basis points.
Likewise, the distribution by type of investor was 66% Asset Managers, 12% insurance companies, 7% banks, 4% Pension Funds and 9% among others.
This issuance of bonds in euros represents the first Social Bond issued by our country, which is associated with the attention of social spending linked to the support of vulnerable groups and people in situations of vulnerability, access to affordable housing, education and essential services of health, as well as support for MSMEs and social programs to alleviate and prevent unemployment.
This issuance and the issuance of the sustainable bonds carried out a few days ago are carried out under the recently approved Sustainable Bond Framework.
The issuance of global bonds in dollars and euros implemented in two tranches in recent days, which is an integral part of the same debt operation, demonstrates once again the appetite of investors for Peruvian public debt instruments and the confidence in the macroeconomic strength of the Peruvian economy, as it is one of the countries in the region with the best growth prospects for the period 2021-2025.
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Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
