Bco Industrial Puts Tier II to Bed

Bco Industrial Puts Tier II to Bed

Central America Guatemala Bonds

Guatemala’s Banco Industrial priced Wednesday a US$150m 10-year subordinated Tier 2 bond (Ba2/BB) at par to yield 8.25%, coming flat to earlier 8.25% area guidance and at the tight end of low-to-mid 8 whispers. Considered Guatemala’s largest bank, the sub investment grade credit had originally been seeking between $150m-$250m, but capped the deal at the lower end of that range as only $150m could qualify as Tier 2 capital. The bond jumped on the break to trade at 100.75-101.25. While d

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial