Guatemalan Bank Preps Bond Debut

Guatemalan Bank Preps Bond Debut

Guatemala Bonds

Guatemala’s Banco de los Trabajadores (Bantrab) is planning to raise about $150m from the sale of a new 2023 bond, according to a person familiar with the bank’s plans. Barclays and Deutsche Bank are heard to have been mandated for the deal, Bantrab’s first in the international market. Proceeds would be used to refinance debt and support growth efforts. In a report, Fitch assigns a BB minus rating to the bank, citing improved asset quality, ample net interest margin and moderate but sustained pr

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