Hogan Lovells advises Guatemala's Banco Industrial in US$300 million subordinated bond sale

New York, 29 January 2021 – Global law firm Hogan Lovells advised long-time client Banco Industrial, S.A., the Guatemala City-based bank among the largest in Central America, on the issuance of US$300 million 4.875% Subordinated Fixed-to-Fixed Rate Notes due 2031, with a ten-year non-call five modality. Citigroup Global Markets Inc. and BofA Securities, Inc. acted as initial purchasers.

Prior to this issuance Hogan Lovells most recently advised Banco Industrial in August 2020 in connection with the issuance of US$200 million principal amount of notes under the bank’s DPR program to the United States International Development Finance Corp. to support women-operated enterprises in Guatemala.

The Hogan Lovells team was led by New York partners Emil Arca and Ben Garcia, and included senior associate Meredith Hines and associate Juan D. Moreno.

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