Peru’s Ministry of Economy and Finance (MEF) approved today the provision of government guarantees for recognition bonds, complementary bonds of a minimum pension, complementary bonds of early retirement and recognition bonds of the Law on the National System of Social Security Pensions, to be issued throughout 2015, for up to S/.149,660,000 (about US$47,753,669).
This year, the Public Pension Standardization Office (ONP) will coordinate the redemption of the said bonds to be financed from institutional budget resources, indicates the supreme decree published in the official gazette El Peruano.
The document states the Ministry of Economy and Finance, through the ministerial resolution, will approve the necessary regulations to apply the aforementioned decree.
It also stipulates the Law on Public Sector Indebtedness for 2015 authorizes the national government to carry out domestic borrowing operations for up to US$47,753,669 for ONP bonds.
(END) JCC/JCC/RMB/MVB
Published: 4/24/2015