LIMA, Sept 14 Peru will hold meetings with
investors in the United States and Europe next week to promote
the sale of bonds in the local sol currency, the government of
President Pedro Pablo Kuczynski said Wednesday.
Officials were still studying how much to offer in bonds,
but any new issuance would not raise Peru's overall debt burden,
said Cesar Blanco, the Finance Ministry's director of debt and
The government said last week that it will seek to swap up
to $6 billion of its dollarized debt for cheaper debt in soles
or other currencies as expectations mount for higher U.S.
Blanco said the meetings, slated to be held in New York, Los
Angeles, Boston, London and Frankfurt, will start on Monday.
IFR, a Thomson Reuters publication, reported earlier on
Wednesday that BBVA, Bank of America Merrill Lynch and HSBC have
been tasked with organizing the meetings.
Peru is rated A3 by Moody's and BBB+ by Fitch and Standard &
Finance Minister Alfredo Thorne has said that the government
does not need new financing to cover the 2016 and 2017 fiscal
deficits, but that the government might sell bonds to take
advantage of cheap credit.
(Reporting By Mitra Taj; Editing by Alan Crosby)