Hogan Lovells advises Guatemalan bank on US$195 million DPR program issuance

New York, 11 April 2022 – Global law firm Hogan Lovells and Mayora & Mayora S.C. in Guatemala advised Banco Industrial S.A. on an issuance from its diversified payments rights (DPR) securitization program. The US$195 million Series 2022-1 Fixed Rate Notes were issued by Industrial DPR Funding Ltd., the program's special purpose company issuer.

The Hogan Lovells team was led by New York capital markets partner Emil Arca, associate Lauren Kimmel and law clerk Zachary Suggs. Arca has worked on future flow securitizations for banks in emerging markets since the inception of such products about 30 years ago, including the first DPR securitization anywhere in the world, and the first one in Latin America more than 20 years ago.

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