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Guatemala stirs markets with $550 million issue

Tuesday, June 15, 2010

The first placement of a 4.5 billion quetzals ($550 million) bond issue is stirring excitement in Guatemala’s financial sector.

Optimism is running high because of expectations on US government issues running at 2-3 percent, and about 5 or 6 percent on emerging markets.

Some analysts, however, may that it might to place the whole issue in quetzals or in a mix of quetzals and dollars.

Original source (in Spanish): Prensa Libre