By Christine Van Dusen
Atlanta, April 28 – Guatemala sold $700 million 4½% 10-year notes (expected ratings: Ba1/BB/BB) at 99.206 to yield Treasuries plus 277.6 basis points on Thursday, a market source said.
BofA Merrill Lynch was the bookrunner for the Rule 144A and Regulation transaction.
The proceeds will be used to pay interest and principal on outstanding debt and to finance social and investment programs and capital expenditures.
| Issuer: | Guatemala
|
| Amount: | $700 million
|
| Maturity: | May 3, 2026
|
| Description: | Senior notes
|
| Bookrunner: | BofA Merrill Lynch
|
| Coupon: | 4½%
|
| Price: | 99.206
|
| Spread: | Treasuries plus 277.6 bps
|
| Trade date: | April 28
|
| Settlement date: | May 3
|
| Expected ratings: | Moody's: Ba1
|
| Standard & Poor's: BB
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
© 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.
