Petroperu Bonds Slump to Two-Year Low on Restructuring Reports
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Petroperu refinery in Piura, Peru.Bonds of Petroleos del Peru SA plunged on Friday following reports that Peru is weighing filing for bankruptcy of the struggling state-owned company.The driller’s debt due 2047 fell 3.6 cents to 64.3 cents on the dollar, the lowest level in more than two years, according to Trace data. The company’s 2032 notes slipped half a cent to 82.5 cents, the data show.