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Barclays pulls out of Honduras bond sale

Tuesday, March 12, 2013

British bank Barclays withdrew from Honduras's first international bond sale.

The decision came after the Honduran government amended the contract for the project, where Barclays was co-manager, and revealed it had a $205 million lawsuit against a state-owned logging company.

Honduras plans to sell the bonds maturing in 2024 at an interest rate of 7.5 percent.

Full story (in Spanish)