Peru issued its first hard-currency bonds in three years, raising USD 3 bln through a dual-tranche deal. The country sol USD 1.25 bln in dollar-denominated bonds maturing in 2035 and USD 1.75 bln due in 2054, with spreads of 140 and 165 bps over comparable U.S. Treasuries, respectively. Earlier, Peru proposed a tender offer to exchange or buy back certain bonds. While it has previously issued local-currency international bonds in early 2023 and this year, its last issuance of hard-currency debt was in late 2021.