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NEW YORK, Jan 12 (IFR) - The Republic of Honduras, rated B2/B+, launched a US$700m 2027 bond at 6.25% ahead of expected pricing on Thursday, according to one of the leads on the deal.
The final yield comes at the tight end of guidance of 6.375% (+/- 1/8), and well inside initial price thoughts of mid to high 6%s.
Bank of America Merrill Lynch and Citigroup are acting as leads on the deal. (Reporting by Paul Kilby; Editing by Marc Carnegie)