July 26, 2011 / 5:51 PM / 8 years ago

Peru renews $5 bln shelf registration for new govt

LIMA, July 26 (Reuters) - Peru renewed its $5 billion shelf registration in an SEC filing on Tuesday, a move that would facilitate global bond sales by incoming left-wing President Ollanta Humala, who takes office in two days time.

Humala, a former radical, has promised to govern as a moderate.

“The Republic does not expect any material effect on foreign direct investment to result from the recent election of President Humala,” the filing by the finance ministry said.

Shelf registration with the U.S. Securities and Exchange Commission allows the issuance of multiple securities.

“It is the Republic’s view that, as the policies of the Humala administration become clearer and more defined, the investment climate will be substantially in line with the recent growth trends that the Peruvian economy has experienced.”

Peru has been one of the world’s fastest-growing economies over the past several years.

Humala has named the deputy finance minister under departing President Alan Garcia as finance minister and reappointed central bank chief Julio Velarde to another five-year term. (Reporting by Terry Wade and Patricia Velez; Editing by Andrew Hay)

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