Cleary Gottlieb Steen & Hamilton advised Santander as well, while Simpson Thacher & Bartlett represented the Republic of Guatemala.
The Eurobonds were sold with a coupon rate of 6.60% and a 12-year term (due 2036). The transaction was priced and settled on the 13th of June. The Guatemalan government plans to use the money gained from the bond issue to finance the expenses incurred in its latest budget. The issuance involved 169 investors from around the world, and the demand reached $3.2 billion. This is a significant increase on the $500 million Eurobonds issued by the Ministry of Public Finance in 2022.
Aguilar Castillo love advised Santander through a team that included partners Juan Carlos Castillo Chacon, Natalia Callejas Aquino and associate Fernanda Nárvaez.