07 05 2016

Guatemala's $700 Million Bond Offering

Consortium, Shearman & Sterling, Simpson Thacher & Barlett and Cuestas PPQ have advised on the transaction


The 10-year notes sold to yield 4.6 percent, the lowest in the nation’s history, Finance Minister Julio Hector Estrada told reporters in Guatemala City. Demand for the bonds totaled $3 billion, Estrada said. The Republic will use the proceeds from the sale of the Notes to pay interest and principal on its outstanding debt obligations and the remainder to finance social and investment programs and capital expenditures. Bank of America Merril Lynch acted as Sole Lead Manager and Bookrunner. Simpson Thacher & Barlett acted as International Counsel for the Republic of Guatemala with a team led by Jaime Mercado (Picture). Cuestas PPQ acted as local counsel to the Republic of Guatemala with Rodrigo Quevedo. Consortium advised Bank of America Merril Lynch with  Alvaro Rodrigo Castellanos Howell,  Alejos River,   Fernando Beltranena Granai and José Gabriel Marin Luna. Shearman & Sterling LLP acted as International Counsel to Bank of America Merril Lynch with Manuel A. Orillac.     Involved fees earner: Alvaro Rodrigo Castellanos Howell - Consortium - Legal; Manuel Orillac - Shearman & Sterling; Jaime Mercado - Simpson Thacher & Bartlett; Rodrigo Quevedo Castellanos - Cuestas PPQ ;

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