Dark Posted November 11, 2021 Posted November 11, 2021 The Ministry of Economy and Finance (MEF) announced that Peru placed its first social bond in euros for an amount of 1,000 million euros, maturing in 2036. The objective of this indebtedness is to attend to social spending, linked to the support of people in vulnerable situations. This is expected to finance actions for access to affordable housing, education and essential health services, support for MSMEs and social programs to alleviate or prevent unemployment. According to the MEF, the issuance of bonds in euros managed to capture a demand of more than 2,000 million euros with the participation of more than 120 investors from Europe (80%), America (14%), Asia (2%) and other regions (4%). The types of investors were 66% Asset Managers, 12% Insurance Companies, 7% Banks, and 4% Pension Funds. The MEF added that 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 in euros represents one of the financing options and access to different markets that the Republic of Peru has, taking advantage of the windows of opportunity that arise, which contributes to diversifying its investor base, optimizing the public debt profile. and cover the financing needs at a competitive and reasonable cost, "says the MEF. They also reiterated that this debt operation shows investors' interest in Peruvian public debt instruments, and their confidence in the macroeconomic strength of the Peruvian economy. https://rpp.pe/economia/economia/mef-emitio-primer-bono-social-del-peru-en-euros-por-1000-millones-noticia-1368617
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