Peruvian capital market to benefit from Euroclearability with issuance of US$3 billion bond

Brussels and Lima, 25 July 2017 – Euroclear Bank and the Peruvian Ministry of Economy and Finance have launched a domestic link to enable international investors to easily invest in Peruvian local government bonds.

A domestic government bond of over US$3 billion has been made available to domestic and international investors. Foreign investors buying domestic Peruvian bonds will now be able to hold and settle them through Euroclear, further strengthening Peru’s position as a key financial centre within Latin America.

Becoming Euroclearable allows a market to sustain a single, powerful pool of liquidity, resulting in strong macro-economic benefits including a reduction in bond yields and an increase in the local liquidity of assets, which in turn creates a deeper, stable and larger domestic market.

Fernando Zavala, Minister of Economy and Finance of Peru stated: “This is an important milestone for the capital market in Peru that will allow us to refinance our government bonds under better conditions. We already offer a solid macro-economic environment and a favourable investment and business climate. This cooperation with Euroclear now connects our market directly to all parts of the globe, aligning our capital market infrastructure with globally recognised standards.”

Stephan Pouyat, Global Head of Capital Markets and Fund Services, Euroclear commented: “We are very pleased to achieve this landmark partnership, which is a recognition of our strong relationship with the Peruvian Ministry of Economy and Finance established over many years. Euroclear is proud to add Peru to our already well-developed Latin America market network providing international investors with a secure, efficient and cost-effective way of accessing Peruvian assets.”

About Euroclear

Euroclear group is the financial industry’s trusted provider of post trade services. At the core, the group provides settlement, safe-keeping and servicing of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.

The Euroclear group includes Euroclear Bank - which is rated AA+ by Fitch Ratings and AA by Standard & Poor’s - as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. The Euroclear group settled the equivalent of EUR 655 trillion in securities transactions in 2016, representing 196 million domestic and cross-border transactions. In the first half of 2017, the group held EUR 28 trillion in assets for clients.

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