Guatemala sets IPTs of 4.875% area on US$700m 10-year bond

jueves 28 de abril de 2016 09:16 GYT

By Paul Kilby

NEW YORK, April 28 (IFR) - Guatemala has set initial price thoughts of 4.875% area on a 10-year bond ahead of pricing on Thursday.

The Central American country has capped the size at US$700m and will use proceeds to pay down debt and to finance investment programs as well as capital expenditures.

The senior unsecured bond is expected to be rated Ba1/BB/BB and is being led by sole bookrunner Bank of America Merrill Lynch. (Reporting By Paul Kilby; Editing by Jack Doran)