Chicago, Aug. 10 – Guatemala tapped the international debt market for the 12th time, most recently for $500 million of 5¼% notes due 2029 (BB-), according to a press release.
Santander Investment Securities Inc. worked as the initial purchaser on the Rule 144A and Regulation S offering.
Proceeds, according to S&P Global Ratings, will be used for general budgetary purposes, including to refinance public debt.
| Issuer: | Guatemala
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| Amount: | $500 million
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| Issue: | Notes
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| Maturity: | 2029
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| Bookrunner: | Santander Investment Securities Inc.
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| Counsel to issuer: | Cleary Gottlieb
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| Coupon: | 5¼%
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| Trade date: | Aug. 3
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| Settlement date: | Aug. 10
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| Rating: | S&P: BB-
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| Distribution: | Rule 144A and Regulation S
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