Guatemala Sells $1 Billion Bond After Credit Rating Boost
- The new notes yield about 6.6%, in-line with guidance
- Fitch, S&P both lifted nation’s credit score earlier this year
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Guatemala tapped global markets for the first time in nearly a year in a bid to take advantage of investor sentiment after a pair of recent credit-rating upgrades.
The Central American nation priced $1 billion in notes due in 2036 with yield of 6.6%, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. Earlier price talk described a potential yield in the very-high 6% range, the person said.