With Investor Demand Surging, Peru Halts New Bond Sales
- Government will prioritize using current resources efficiently
- Treasury chief Olivares, minister Alva speak in an interview
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Peru plans to stay out of international debt markets for now, sitting out a trend that saw neighbors from Mexico to Chile selling bonds this year, as it seeks to more efficiently spend cash already on hand, according to Finance Ministry officials.
The government has suspended weekly local bond auctions until further notice and likely will limit its participation in global debt markets to liability management operations over the next two years, said Jose Olivares, head of the treasury, in an interview at the Finance Ministry in Lima.