Guatemala’s Energuate expected to price $350 million of notes

By Colin Hanner

Chicago, April 26 – Guatemala’s Energuate is expected to price up to $350 million of notes by Thursday, a market source said.

The electricity distributor wrapped up a roadshow on Wednesday, a market source said.

On April 19, Moody's Investors Service said it assigned a Ba2 corporate family rating and senior unsecured rating to the proposed issuance of up to $350 million senior unsecured notes by Energuate Trust, adding proceeds of the deal will be used to repay local debt and make cash distributions to shareholders.

Fitch Ratings also said it assigned an expected BB rating to Energuate's proposed senior unsecured notes.

Distribuidora de Electricidad del Oriente SA (Deorsa) and Distribuidora de Electricidad del Occidente SA (Deocsa) are guarantors for the deal, according to Fitch.

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