NEW YORK - Bankers Trust New York Corp. has provided Peruvian government debt with a face value of $60 million to Spanish and Peruvian institutions for their acquisition of government-owned Banco Continental. The debt is eligible to be swapped for equity under the Peruvian government's privatization program.

The debt has been used in the $250 million acquisition of Banco Continental by Spain's Banco Bilbao Viscaya and Peru's Grupo Brescia. Banco Continental is the second largest bank in Peru, with assets of $1.5 billion, and is one of the largest Peruvian entities to be privatized.

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