Republic of Guatemala Issues US$1 Billion in Sovereign Debt
10.08.21
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The Firm recently represented the Republic of Guatemala (the “Republic”) in connection with the issuance and sale of US$500 million of its 3.7% Notes due 2033 and US$500 million of its 4.65% Notes due 2041 (collectively, the “Notes”). The proceeds of the Notes will be used for general budget purposes, including to refinance the Republic’s public indebtedness.
The sovereign debt offerings were conducted in reliance on the exemptions from registration under Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended. The transaction was approved by the government of the Republic of Guatemala and managed by the Ministry of Finance.
The Simpson Thacher team for the transaction included Jaime Mercado, Kirsten L. Davis and Jon Vicuña (Capital Markets); and Jonathan Cantor and Brian Mendick (Tax).