Banco Industrial deals receivables in private placement

Banco Industrial deals receivables in private placement

Corporate & Sovereign Strategy Debt Fixed Income Capital Markets Guatemala

Guatemalan state-owned lender Banco Industrial plans to issue $135 million in dollar-denominated diversified payment rights (DPRs) to finance loan growth, a company source told LatinFinance on Friday. The bank will sell the receivables in a private placement, the source said, declining to provide additional details about the deal. "The bank has had extraordinary results in recent years, and we believe that this trend will continue this year," the source said. Fitch Ratings expects to assign the

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