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Will Petroperu's dollar bonds continue to rise by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Bond price data from financial markets
Story
Peru Approves $1.75 Billion Aid for Petroperu, Takes Over Debt Payments
Sep 16, 2024, 01:43 PM
The Peruvian government has approved $1.75 billion in financing for the state-owned oil company, Petroleos del Peru (Petroperu). The aid package includes the government taking over the company's remaining debt payments for the year and managing $800 million in loans. This move puts the state on the hook for repaying international bondholders. Following the announcement, Petroperu's dollar bonds saw a significant rise.
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Increase by more than 20% • 25%
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