Credit Suisse is arranging a $250 million deal securitizing diversified payment rights (DPRs) originated by Scotiabank Peru, the issuers debut in this asset class.
Fitch Ratings and Standard & Poors expect to give the deal A and A-, respectively.
The bank is the fourth in Peru to issue a DPR bond. The three others are Banco de Credito del Peru, an old hand in the asset class; Banco Continental, which debuted in DPRs in 2008; and Banco Internacional del Peru (Interbank), one of the few Latin American originators that issued in the cross-border market last year.
