Guatemala's Industrial Subordinated Trust talks 10-year notes at 8¼%

By Christine Van Dusen

Atlanta, July 20 - Guatemala's Industrial Subordinated Trust set price talk for its planned offering of dollar-denominated notes due 2021 (expected ratings: Ba2//BB-) at 8¼%, a market source said Wednesday.

Bank of America Merrill Lynch is the bookrunner for the Rule 144A and Regulation S notes.

The notes are guaranteed by Banco Industrial SA, a lender based in Guatemala City.

Proceeds will be used to repay subordinated debt, to strengthen the company's regulatory capital base and for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.