Honduras Bond Crosses Finish Line

Honduras Bond Crosses Finish Line

Honduras Bonds

Honduras has completed its debut international bond sale, raising $500m. The B2/B+ issuer overcame the disclosure of a New York lawsuit and the loss of a bookrunner to end up with more than $1.75bn in final demand. The 2024 priced at par with a 7.50% coupon to yield in line with 7.50% guidance that was widened out from earlier 7.00%-area price talk. The bonds were trading up about 2.0 points Tuesday, according to investors. Many accounts remained in the deal after the revelation of the lawsuit,

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