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Guatemala back to global market with $700 million

Friday, April 29, 2016

After a three-year drought, Guatemala offered $700 million in bonds to help refinance debt and fund a budget deficit.

The 10-year notes sold yesterdayto yield 4.6 percent, the lowest in the nation’s history, Finance Minister Julio Hector Estrada said. Demand for the bonds totaled $3 billion.

Source: Bloomberg