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LatinNews Daily - 18 July 2017

In brief: Peru, Colombia

Peru: The finance & economy ministry (MEF) has announced the successful placement of sovereign bonds worth PEN10bn (US$3.075bn) in international markets. This is the largest bond issue by the Peruvian government this year and one of the largest ever made in Peru’s local currency. A MEF statement noted that the funds raised by the bonds, which offered a 6.15% coupon and have a 15-year maturity, will be used to refinance Peru’s foreign currency denominated debt and will not increase the country’s overall debt levels.

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