Banks Prepare For Guatemala RFP

Bankers are heading to Guatemala to pitch public credit on expectations that the sovereign will soon issue RFPs to refinance its maturing $325m 10.25% bond due November 2011. “It is not clear whether it will be a local or international [bond],” said one banker. “We expect that they would take advantage of low rates [in the international markets] and be interested in maintaining an international investor base by going external.”