Banco Industrial Upsizes Bond

Banco Industrial Upsizes Bond

Guatemala Bonds

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 Baa3/BB 2022 bond at par to yield 5.500%, tight to 5.500%-5.625% guidance that followed low 6.000% whispers. “We saw value in today’s Banco Industrial deal. It’s the top bank in Guatemala, has s

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