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Banco Industrial Upsizes Bond

Oct 26, 2012

Guatemala’s Banco Industrial has raised $500m in the international bond market, upsizing from an expected $300m. Investors put in for $4.5bn in orders for what lead managers are calling the largest-ever non-sovereign bond from a privately-owned Central American issuer. Guatemala’s largest bank priced the...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

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