Guatemala’s Banco Industrial Preps DPR

Guatemala’s Banco Industrial Preps DPR

Guatemala Structured Finance

Wells Fargo has clinched the mandate to bring a diversified payment rights (DPR) issue for Guatemala’s Banco Industrial. The borrower is thought to be aiming for an up to $100m size, with tenors of 7 to 10-years. The bank processed about $6.12bn in DPR flows in 2010, up from $2.96bn in 2015, according to Fitch, which is expected to assign a BBB rating to the debt offering. The issue is the third off an existing program that was established in 2005 and has already seen $258m in offerings. &#

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