Guatemala frees funds to pay bondholders

Guatemala frees funds to pay bondholders

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Regulation Electricity Guatemala Central America United States

Guatemala made a payment to the local subsidiary of Florida-based TECO Energy and freed up the funds to pay bondholders before the end of a 30-day grace period on December 3. A US court had blocked the Central American nation's bank account in the United States and ordered the country to pay $35.4 million to TECO, division of the Canadian energy company Emera. Guatemala missed a $15.8 million payment on its 4.5% 2026 notes in early November. "Guatemala from this moment normalizes its operations

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