# Peru keeps up “solarization” of debt - LatinFinance

> Peru's Economy and Finance Ministry said it will keep converting sovereign debt into soles, with the share of debt in local currency rising from 5% to 60% and a target of 70% to 75%. Weekly sol auctions are consistently oversubscribed, and a recent PEN100m placement was 4x covered. Officials also discussed possible future international bond operations.

- Date: 2018-06-12 · published 2018-06-12T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/64814-peru-keeps-up-solarization-of-debt-latinfinance
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Peru's shift toward local-currency debt reduces its reliance on dollar funding, which is a macro factor with no direct bearing on feed commodity supply, demand or prices.

## Sources

- latinfinance.com: https://latinfinance.com/web-articles/2018/06/12/peru-keeps-up-solarization-of-debt/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.