(Bloomberg) Allegations that Peru is misleading international investors about its debt record aren’t resonating with the bond market.
The South American nation’s notes are outperforming rival emerging-market debt since a lawyer hired by Gramercy Funds Management LLC accused Peru of withholding information about disputes over decades-old defaulted debt when it sold new bonds. The Greenwich, Connecticut-based fund, which bought and holds an undisclosed amount of the defaulted debt, wants the U.S. Securities and Exchange Commission to either insist that investors be informed about the dispute or halt trading of Peruvian notes.
