Chicago, Oct. 25 – Guatemala sold a $500 million bond maturing Oct. 7, 2033 with a coupon of 3.7% and a $500 million bond maturing Oct. 7, 2041 with a coupon of 4.65% (BB-/BB-), according to a Ministry of Public Finance notice.
The bonds are the 11th issue in the international markets for the republic.
BofA Securities Inc. was the bookrunner.
The book had participation from 230 accounts with demand hitting $6.42 billion.
Proceeds will be used for general budgetary purposes, including to refinance public debt, according to a press release.
| Issuer: | Guatemala
|
| Issue: | Eurobond
|
| Amount: | $1 billion
|
| Bookrunner: | BofA Securities Inc.
|
| Counsel to bookrunner: | Clifford Chance LLP
|
| Trade date: | Sept. 30
|
| Ratings: | S&P: BB-
|
| Fitch: BB-
|
|
|
| 2033 bonds
|
| Amount: | $500 million
|
| Maturity: | Oct. 7, 2033
|
| Coupon: | 3.7%
|
|
|
| 2041 bonds
|
| Amount: | $500 million
|
| Maturity: | Oct. 7, 2041
|
| Coupon: | 4.65%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
