November 8, 2018
Promerica is taking orders on a cross-border bond expected to price on Thursday, sources told LatinFinance.
After making the rounds with investors last week, the Central American bank is looking to raise at least $200m from the sale of 5.5-year notes. The leads Bank of America Merrill Lynch and Credit Suisse opened the price talk in the 10% area, sources said.
Promerica got a five-year, $223m loan from 15 banks in 2016 to fund the acquisition of Citi's assets in Guatemala. It also got a five-yea
Central American bank looks to raise at least $200m from the sale of new 5.5-year notes