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Article: Fitch Assigns Banco de Credito del Peru's Tier I Jr Sub Notes Expected 'BB+' Rating.
- Article from:
- Telecommunications Weekly
- Article date:
- November 4, 2009
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Fitch Ratings has today assigned Banco de Credito del Peru's (BCP) upcoming 60 year U.S. dollar junior subordinated fixed/floating notes an expected long-term foreign currency rating of 'BB+'. The notes will be issued by BCP's Panama branch, for an amount to be determined.
Principal will mature in 60 years, and interest payments will be made semi-annually during the first 10 years and quarterly afterwards. The notes will carry a fixed interest rate to be set at time of issuance that will become a Libor-based floating interest rate at the end of the 10th year. The final rating is contingent upon the receipt of final documents conforming to information already ...