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24m ago

Peru Approves $287 Million Sovereign Bond to Implement Petroperú Guarantee

The operation uses a private placement to Banco de la Nación to refinance letters of credit tied to fuel supply security.

Ministerio de Economía autoriza emisión de bonos y refinanciación de deuda de Petroperú por más de US$287 millones. Foto: Andina
La norma lleva la firma del Ministro de Economía y Finanzas, Raúl Pérez Reyes.
Recaudación será destinada al pago de obligaciones de la petrolera estatal por $270 millones que tienen el aval del MEF.
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Overview

  • The Ministry of Economy and Finance published Resolution Nº 447-2025-EF/52 on September 21 authorizing a debt-management operation and sovereign bond issuance for US$287,336,211 plus accrued interest.
  • The transaction is structured as an internal refinancing through a private offer to Banco de la Nación, replacing the Market Makers Program for this placement.
  • The sovereign bonds are denominated in soles with a face value of S/1,000, mature on August 12, 2034, carry a 5.40% coupon, and pay interest semiannually, with Cavali S.A. ICLV as registrar and paying agent.
  • Placement dates are set for September 26, 2025 for letters of credit maturing from August 28 to September 18, 2025, and October 1, 2025 for those maturing on September 25, 2025.
  • Debt service for amortization, interest, and related costs will be covered by the MEF from the public debt-service budget, with the Public Treasury director authorized to sign the refinancing agreement under Law Nº 32187 and in line with the emergency guarantee established by DU Nº 023-2022.