Mario Brescia Cafferata, who with his older brother Pedro built the family business into one of Peru’s largest conglomerates and the country’s second-largest lender, has died, El Comercio reported. He was 83.
The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of the close of trading in Lima.
Covanta Holding Corp. , the developer of waste-to-energy plants, is marketing debt after high-yield, high-risk company borrowing costs fell to the lowest in more than five years.
Peru’s central bank kept borrowing costs unchanged after cutting reserve requirements for a sixth time in seven months to fuel a rebound in growth.
Peru’s economic growth rebounded in the fourth quarter as improved consumer and business sentiment spurred domestic demand and new copper mines boosted output.
BBVA Banco Continental, Peru’s second-largest lender, will offer as much as 200 million soles ($74.2 million) of bonds at an auction tomorrow.
Peru’s central bank raised its benchmark lending rate to the highest level in two years today after inflation last month accelerated above policy makers’ target for the first time since 2009.