May 15, 2019 |
Guatemala could return to the cross-border bond market this year to lower its financing costs, thanks a favorable review by the IMF and the solid prospects for economic growth, the economy minister told LatinFinance.
"I understand there is a plan for a bond," Acisclo Valladares said during the 28th Apparel Sourcing Show in Guatemala City. "The IMF's visit and review was very positive. Guatemala is doing well macroeconomically, although we still need to improve our fiscal revenues."
Sovereign issuer could sell $500m in new notes and lower its average financing costs to 6.5%, source says