Peru

The Peruvian government launched two debt offerings on Tuesday. The first is an exchange or cash purchase for existing local sovereign bonds maturing between 2024 and 2029, totaling PEN 40.7 bln. The second is a cash purchase for USD- and EUR-denominated global bonds maturing from 2025 to 2030, totaling USD 6.4 bln and EUR 2.1 bln. Following a June 17 resolution, these efforts aim to finance repurchases and partially cover 2024 financial needs up to USD 3.0 bln, supporting an increase in local-currency debt, which constitutes 48.6% of total liabilities.