New Issue: Guatemala issues $1 billion 6.6% notes due 2036

Chicago, June 23 – Guatemala issued $1 billion of 6.6% notes due 2036 (BB/BB), according to a prospectus document.

The issue price was par.

The notes are redeemable before the maturity date with a Treasuries plus 45 basis points make-whole premium. There is also a three-month par call option.

Santander was the global coordinator and sole bookrunner.

Proceeds are being used for general budgetary purposes, including to refinance debt.

Issuer:	Guatemala
Amount:	$1 billion
Issue:	Notes
Maturity:	June 13, 2036
Bookrunner:	Santander
Trustee:	Bank of New York Mellon as fiscal agent
Counsel to issuer:	Simpson Thacher & Bartlett LLP, PPQ Legal
Counsel to underwriters:	Cleary Gottlieb Steen & Hamilton LLP, Aguilar Castillo Love – Guatemala
Coupon:	6.6%
Price:	Par
Yield:	6.6%
Call features:	Make-whole call at Treasuries plus 45 bps until March 13, 2036; thereafter at par
Trade date:	June 6, 2023
Settlement date:	June 13, 2023
Ratings:	S&P: BB
	Fitch: BB
Distribution:	Rule 144A and Regulation S
ISINs:	US401494AW96, USP5015VAQ97

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