Republic of Guatemala’s New Issue of Eurobonds for $1 Billion
Aguilar Castillo Love advised Santander US Capital Markets LLC on its participation as initial buyer in the $1 billion treasury bond issuance of the Ministry of Public Finance (MINFIN) of the Republic of Guatemala in the international market.
Cleary Gottlieb Steen & Hamilton also advised Santander, while Simpson Thacher & Bartlett advised the Republic of Guatemala.
The Eurobond notes were offered with a coupon of 6.60% and a term of 12 years (due in 2036). The transaction was priced on 6 June and settled on 13 June. With the funds gained through the bond issuance, the Guatemalan government will finance expenses to be incurred by its latest budget. 169 international investors were involved in the issuance, with a demand that reached $3.2 billion, building on the Ministry of Public Finance’s prior issuance of $500 million in Eurobonds in 2022.
Aguilar Castillo Love advised Santander with a team comprising partners Juan Carlos Castillo Chacón and Natalia Callejas Aquino, as well as associate Fernanda Narváez.
