Peru sold its first euro-denominated bond in more than a decade as it looks to diversify its funding sources to take advantage of the lowest yields in almost six months on government bonds in Europe.
The Andean nation issued 1.1 billion euros ($1.2 billion) of securities due in January 2026 to yield 1.9 percentage points over midswaps, the Finance Ministry said in an e-mailed statement. The initial price target was as much as 2.2 percentage points over midswaps.
