January 25, 2021 |
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
Guatemalan lender raises $300 mln from the sale of new 2031 notes