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Peru Accelerates Sustainable Sovereign Bond Program, With 2024 Issuance at a Record

The finance ministry plans a 2026 framework update to broaden eligible projects, aiming to draw more specialized investors.

Overview

  • Official MEF data show an average of S/18,021 million in annual sustainable sovereign placements across local and international markets.
  • Issuance in 2024 reached S/19,761 million, marking the highest annual total to date.
  • In 2025 to date, S/4,702 million has been placed in the local market, indicating continued activity under the program.
  • The MEF is finalizing an updated Sustainable Bond Framework for publication in 2026 to add new green and social categories, increase structuring flexibility and align with global standards.
  • Proceeds fund water and sanitation, social housing, education, rural electrification and health, with the MEF stressing market-based execution within its integrated asset–liability strategy and benefits for investor diversification and cost–risk management.