Guatemala Developers Seek $1bn

Guatemala Developers Seek $1bn

Central America

Guatemala-based entities are targeting close to $1bn in project finance for the coming weeks as the pace of infrastructure development hastens. Cementos Progreso, the local cement maker, has tapped Citi to lead financing totaling $470m that will include local bank debt, syndicated financing and bi-lateral loans, a company official tells LatinFinance. Proceeds will be used for a new cement plant. A significant portion of the $470m should be done in the syndicated loan market and the company is lo

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