Last Friday, Banco Internacional del Peru (Interbank) priced a $121.2 million, seven-year deal backed by diversified payment rights (DPRs). The yield came to 425 basis points over three-month Libor. Deutsche Bank was the sole lead.

While Dutch development bank FMO took an undisclosed chunk of the deal, there were also private-sector buyers, a sign, perhaps, that market investors future flows are coming out of the woodwork.

While offshore buysiders bought in, about two-thirds of the transaction went to Peruvian investors, according to a source close to the deal. The transaction settles June 12

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