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Honduras manages to sell $500 million bond issue

Wednesday, March 13, 2013

Honduras managed to sell its first global bonds, despite losing one of its consultant banks at the last minute.

Barclays, who was co-manager of the project along with Deutsche Bank, dropped out when it learned of a lawsuit against a state owned company, which was not included in the initial proposal.

The $500 million bonds are due in 2024, and were sold with an interest rate of 7.5 percent.

Full story (in Spanish)