Fitch: Interbank notes BBB-

Fitch Ratings said it expects to assign a BBB- rating to Banco Internacional del Peru's (Interbank) eight-year dollar-denominated senior unsecured fixed-rate notes.

The notes, for an amount to be determined, will be issued through Interbank's Panama branch. Principal will mature in eight years and interest payments will be made semi-annually until maturity, Fitch said.

The notes will carry a fixed interest rate of 5.75% and will be consolidated with Interbank's existing $400 million senior unsecured notes due in 2020.

Interbank has a long-term local-currency issuer default rating of BBB- and a long-term foreign-currency issuer default rating of BBB-,.short-term issuer default ratings of F3 and a viability rating of BBB-.

The notes rank pari passu with all of Interbank's existing and future senior unsecured debt and are senior to Interbank's existing and future subordinated and junior subordinated debt.

The proceeds will be used for general corporate purposes.

Considering the bank's strong capital levels and its sound profitability, the impact on the bank's leverage is not deemed significant, Fitch said.

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