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Article: BANKERS TRUST ACCESSES CAPITAL MARKETS FOR PERU PRIVATIZATION
- Article from:
- PR Newswire
- Article date:
- September 8, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Sept. 8 /PRNewswire/ -- Bankers Trust Company has provided $60 million face value of Peruvian government debt to Spanish and Peruvian institutions for their acquisition of government-owned Banco Continental. The debt is eligible to be swapped for equity under the Peruvian government's privatization program.
The debt has been used in the $250 million acquisition of Banco Continental by Spain's Banco Bilbao Viscaya and Peru's Grupo Brescia. Banco Continental is the second largest bank in Peru, with assets of $1.5 billion, and is one of the largest government-owned entities privatized.
"The transaction demonstrates Bankers Trust's ability to access ...