Petroperu Bonds Slump to Two-Year Low on Restructuring Reports

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.