© 2026 Arizent. All rights reserved.

ABS

Credit Suisse Arranges $250m Scotiabank Peru DPR

Published Updated 1 Min Read

Credit Suisse is arranging a $250 million deal securitizing diversified payment rights (DPRs) originated by Scotiabank Peru, the issuer’s debut in this asset class.

Fitch Ratings and Standard & Poor’s 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.

For reprint and licensing requests for this article, click here.

More From Asset Securitization Report

Guatemala’s Banco Industrial Upsizes DPR Deal to $160m

Guatemala’s Banco Industrial has closed a three-tranche $160 million structured deal, an upsize from the $100 million initially proposed, according to sources close to the deal. Pricing was undisclosed. The transaction was a private placement. The floating-rate 2011-1 tranche for $50 million and fixed-rate 2011-2 tranche ($40 million) mature in 2018, while the 2011-3 fixed-rate […]

Turkey’s Garanti Issues €250m DPR

Turkey’s Garanti Bank has closed a club deal backed by diversified payment rights (DPRs) to the tune of €250 million, according to a source close to the transaction. The paper is rated ‘A-’ by Fitch Ratings, the first time the agency has assessed DPR bonds from Garanti. In general, Moody’s Investors Service and Standard & […]

Turkish Banks Unwrap Deals in Post-Crisis World

The urge to unwrap is pretty strong these days. On both the originating and investing sides of the bench, players are itching to ditch the monoline guarantees that no longer add value. The Turkish banks that wrapped structured deals en masse from 2004 through 2007 are no different. At least three have taken action on […]

Vakifbank Is Latest to Unwrap Publicly

Turkey’s Vakifbank has completed an exchange offer to strip the wraps off tranches in its program backed by diversified payment rights (DPRs). Overall, the bank exchanged nearly 72% of the volume of the tranches on offer, with a Radian-covered tranche the only one to be retired in full. Some $549 million was offered and $394 […]

Dutch Bank FMO Talks Emerging Markets

Q&A Until a few weeks ago, it seemed that Dutch development bank FMO had joined the trickle of players out of emerging market ABS. And one couldn’t blame them. With cross-border investors soured on anything but the safest instruments, there didn’t appear to be anyone in the private sector to partner with in a deal. […]