Banco Latinoamericano de Comercio Exterior, S.A. (
Bladex or the
Bank ) today announced the successful closing of a US$300 million 7-year senior secured term loan (the
Facility or the
CMI Energía or the
Company ) as part of a US$1.0 billion liability management exercise, thus optimizing the Company s financial structure. The Facility is guaranteed by the Company s main renewable energy projects/subsidiaries and secured by shares of the majority of such operating entities.
Owned by Corporación Multi Inversiones (
CMI or the
Group ), one of Central America s largest agro-industrial conglomerates with headquarters in Guatemala, CMI Energía is the leading renewable energy player in Central America operating a portfolio of over 800MW of renewable assets. The Company currently has presence in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and the Dominican Republic.
Banco Industrial prints Tier 2 bonds
Banco Industrial prints Tier 2 bonds Guatemalan lender raises $300 mln from the sale of new 2031 notes
BondsDebtCapital MarketsFixed IncomeGuatemalaCentral AmericaUS Guatemala s Banco Industrial sold $300 million worth of dollar-denominated Tier 2 bonds due in 2031 on Friday, according to a source close to the deal.
The Guatemala City-based lender sold the 20-year non-call five notes at par to yield 4.875%, the source said.
With Bank of America and Citi as bookrunners, the bank opened the deal with the initial price talk in the low-5% area and then set guidance at 5%, plus or minus 12.5 basis points, and launched at 4.875%.
Moody s gave the notes a B1 rating