The Ministry of Economy and Finance (MEF) reported that the Peruvian government was awarded at this year’s Latin America and Caribbean Bonds & Loans Awards ceremony with the “Sovereign, Supra & Agency Bond Deal of the Year” award, in recognition of the successful bond issuance carried out for a total amount of US $ 4,000 million destined to finance the expenses derived from the health emergency caused by COVID 2019.
The award ceremony was held at the beginning of this month and was organized by GFC Media Group, which was attended by the general director of the Public Treasury of the MEF, on behalf of the Republic of Peru, who commented that “the bond issuance that includes the 101-year bond made it possible to capture the necessary resources to meet the higher expenses caused by the health crisis, at a competitive cost for the Republic.”
On November 23, 2020, the MEF announced the offer in the international market of three global bonds in dollars with maturities of 12, 40 and 101 years. It received a lawsuit that exceeded, at its best, US $ 15,000 million, four times the amount placed, coming from orders from more than 240 foreign investors.
“The three bonds, in general, are historical records in Peru, not only in rate, but also in term. We are getting into very long-term debt at the lowest historical cost, ”José Olivares, general director of the Public Treasury of the Ministry of Economy and Finance (MEF), told La República at that time.
Global Bond 2121, with a 101-year term, is the longest-term bond ever issued by the Republic of Peru and in the world, and its placement was a demonstration of investor confidence due to the solid economic policy carried out. carried out by Peru, after having overcome a short period of political instability at that time.
Likewise, the governing body of the country’s economy He argued that this event has been an opportunity to show that Peru continues to be one of the most solid countries in the region, regarding its macroeconomic and fiscal strength, even after periods of political uncertainty.
It should be noted that the interest rates on the country’s sovereign bonds are among the lowest in the region and in emerging economies, which reflects the confidence of financial markets in the macroeconomic and fiscal strengths of the country. Peru.
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