Peru’s government announced successful liability management operations involving domestic and foreign bonds. A total of USD 1.2 bln in old foreign currency bonds and EUR 0.3 bln were exchanged for cash. Domestically, PEN 8.2 bln in old bonds were exchanged for new 2039 bonds, and another PEN 7.1 bln for cash, leading to an improvement in the country’s debt profile and a net reduction in public debt to USD 86.9 bln or 31.1% of GDP.