We continue to pay for the ‘dead dog’ of Petroperú. The Minister of Economy, Raúl Pérez Reyes, signed the resolution for the issuance of bonds for US $ 287.3 million, amount that will be canceled on August 12, 2034, in almost 9 years, at a coupon rate of 5.4%.
The debt is intended to refinance the obligations generated by the non -payment of Petroperú to the credit letters that were extended by the Bank of the Nation within the framework of the credit line for external trade operations guaranteed by the national government.
This is one of the causes for which, despite the fact that the collection has triggered the increase in mineral prices, the Boluarte government and Minister Pérez Reyes are unable to close the fiscal deficit.
According to the ministerial resolution, on Friday, September 26, placement for Petroperú credit letters that entered default on August 28 until September 18 of this year will be held. In addition, this October 1 will place the bonus for the letters that Petroperú will breach on September 25. Despite this disaster, Alejandro Narváez and Óscar Vera are still in office. The worst thing is that the president of the oil company blames the bank receivable. If you don’t pay, what I expected.
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