Guatemalan Hybrids Expected to Price

Guatemala’s Banco Industrial is expected to price an issue of Tier 1 hybrid securities as soon as today. Guidance of 9-10% was put out earlier this week for the 60-year notes. The issue is rated B+ by Fitch and Ba3 by Moody’s, both of whom expect to assign the equity credit to the notes. Credit Suisse is managing the sale.