Banco Industrial prints Tier 2 bonds

Banco Industrial prints Tier 2 bonds

Bonds Debt Capital Markets Fixed Income Guatemala Central America United States

Guatemala's Banco Industrial sold $300 million worth of dollar-denominated Tier 2 bonds due in 2031 on Friday, according to a source close to the deal. The Guatemala City-based lender sold the 20-year non-call five notes at par to yield 4.875%, the source said. With Bank of America and Citi as bookrunners, the bank opened the deal with the initial price talk in the low-5% area and then set guidance at 5%, plus or minus 12.5 basis points, and launched at 4.875%. Moody's gave the notes a B1 rating

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