June 14, 2018 |
Guatemala's Banco Industrial will issue roughly $300m in securitized bonds, according to a statement from IDB Invest.
The securities will be offered under the bank's financial flow securitization program known as its Diversified Payments Rights program.
Multilateral financier, the IDB is expected to purchase up to $100m of the notes, while the maturity could stretch to 11 years.
Proceeds will go towards Industrial's residential mortgage portfolio for low- and middle-income segments, as well as f
Guatemalan bank offers $300m in notes under its Diversified Payments Rights program, IDB to pick up a third of the paper