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Peru refinances govt debt with historic local-currency bond
Posted by Colin Post on Oct 5, 2016 Leave a comment

Peru refinances govt debt with historic local-currency bond

Peru has issued $3 billion in sol-denominated bonds in an operation which reduced its dollar-denominated debt and extend average due dates. Last Wednesday Peru’s finance ministry issued $3 billion of  Full Article »

American film highlights Peru’s sovereign-debt dispute
Posted by Jack Dylan Cole on Jul 19, 2016 1 comment

American film highlights Peru’s sovereign-debt dispute

“The Debt,” an American film which explores Peru’s sovereign-debt lawsuit and other issues, opened in U.S. theaters last week. The film’s plot entwines the stories of American hedge fund manager Oliver,  Full Article »

Hedge fund sues Peru for $1.6 billion over agrarian bonds
Posted by Colin Post on Jun 2, 2016 1 comment

Hedge fund sues Peru for $1.6 billion over agrarian bonds

Gramercy Funds Management has filed a $1.6 billion claim against Peru for its refusal to redeem land bonds from the 1970s agrarian reform. The Connecticut-based hedge fund has requested arbitration  Full Article »

Peru markets rally as leftist fails to qualify for runoff
Posted by Colin Post on Apr 14, 2016 Leave a comment

Peru markets rally as leftist fails to qualify for runoff

Peru stocks and the sol soared after leftist presidential candidate Veronika Mendoza did not garner enough votes to qualify for a runoff in the 2016 general election. Peru’s elections authority  Full Article »

Peru takes advantage of low interest rates with euro-bond issues
Posted by Colin Post on Feb 24, 2016 1 comment

Peru takes advantage of low interest rates with euro-bond issues

Peru issued $1.1 billion in 14-year bonds denominated in euros with a 3.77% yield to finance its fiscal deficit in 2017. The issue was the second time Peru has tapped  Full Article »

Hedge fund to sue Peru for $1.3 billion over agrarian bonds
Posted by Colin Post on Feb 3, 2016 1 comment

Hedge fund to sue Peru for $1.3 billion over agrarian bonds

American hedge fund Gramercy Funds Management will sue Peru for $1.3 billion for the government’s failure to pay bonds dated from the 1970s agrarian reform. In a 15-page letter accompanied  Full Article »

What did Peru get out of the Trans-Pacific Partnership?
Posted by Colin Post on Nov 12, 2015 Leave a comment

What did Peru get out of the Trans-Pacific Partnership?

Peru negotiated special terms in the Trans-Pacific Partnership to ensure access to medicine and to protect certain national industries. Governments of member countries published the text of the agreement last  Full Article »

Hedge fund pressures Peru to pay defaulted agrarian bonds
Posted by Colin Post on Oct 13, 2015 Leave a comment

Hedge fund pressures Peru to pay defaulted agrarian bonds

The U.S.-based hedge fund, Gramercy Funds Management, is threatening to sue Peru for payment with interest of 40-year-old bonds from the agrarian reform. The military dictatorship of President Juan Velasco  Full Article »

Peru issues $1.25 billion in sovereign bonds
Posted by Colin Post on Aug 18, 2015 Leave a comment

Peru issues $1.25 billion in sovereign bonds

The government of Peru issued $1.25 billion in sovereign bonds today to help pay for its 2016 budget. The 12-year, dollar-denominated bonds issued in the United States bear an interest  Full Article »

U.S. firm sues Peru for payment of 140-year-old bonds
Posted by Colin Post on Aug 4, 2015 1 comment

U.S. firm sues Peru for payment of 140-year-old bonds

An Illinois firm has sued the government of Peru for $182 million for its failure to pay 140-year-old sovereign bonds from the guano era. Bloomberg reports that a lawsuit from  Full Article »